The National Credit Bureau’s 104 members saw an upsurge in non-performing loan (NPL) ratio to 8.1% at the end of March from 6.8% a year earlier as headwinds such as the coronavirus outbreak took hold, says the NCB. Bad loans for mortgages, auto and personal loans and credit cards in the bureau’s database amounted to […]
Read MoreE-commerce and fast-moving consumer goods (FMCG) players in several Asian countries, including Indonesia, believe their business will resume quicker than other sectors after the pandemic, a recent survey shows. They expect businesses to return to normal within five months, around a month earlier than 6.2 months expected by other sectors, according to a survey by […]
Read MoreMaintains Phl credit rating at Baa2 MANILA, Philippines — Moody’s Investors Service now expects the Philippine economy contracting this year as the rapid and widening spread of the coronavirus disease 2019 or COVID-19 outbreak, deteriorating global economic outlook, falling oil prices and financial market turmoil are creating a severe and extensive economic and financial shock. […]
Read MoreEconomic data released this week by the International Monetary Foundation (IMF) shows that the long-lasting effects of five previous pandemics and their economic shocks have much worse effects on the employment prospects for workers with low levels of educational attainment. “Findings support the claim that the five major pandemics of this century have raised income […]
Read MorePUTRAJAYA, May 13 — The Compliance Operation Task Force on standard operating procedures (SOP) during the conditional movement control order (CMCO) will be deployed more often at shopping malls and supermarkets conducting certain cheap sales or promotions, said Senior Minister (Security Cluster) Datuk Seri Ismail Sabri Yaakob. He said this was to ensure there were […]
Read MoreThe Prime Minister (PM) has permitted to re-open sub-border gates and border crossing to resume goods trading activities between Viet Nam and China. The Prime Minister has allowed the re-opening of sub-border gates and border crossings to resume trading activities between Viet Nam and China, according to the Ministry of Industry and Trade. The permission has […]
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Thailand
