MANILA, Philippines — Credit growth picked up slightly in March after slowing down for three straight months as the aggressive rate hikes delivered by the Bangko Sentral ng Pilipinas (BSP) eat into bank lending. Preliminary data released by the central bank showed that loans disbursed by universal and commercial banks grew by 10.1 percent in […]
Read MoreConsumers in VN are reluctant to use eco-friendly products made from natural materials as they are more expensive than plastic products, according to economic experts. Normally, eco-friendly products cost twice as much as plastic products, causing consumers and small businesses to be reluctant to use the former. The Government has set a target to use […]
Read MoreThailand’s eyewear industry is expected to grow by 5% to 7.35 billion baht this year, after seeing a huge drop during 2020 and 2021. According to Phaphan Phadungkiatskun, managing director of Eyelink Vision Co, an importer and distributor of eyewear brands such as ic!berlin and Dior, Thailand’s eyewear market fully recovered last year, with double-digit sales […]
Read MoreIndonesia posted an economic growth rate of 5.03% in the first quarter of 2023 thanks to improved consumption and increase public spending despite a slowdown in the global economy, according to Statistics Indonesia (BPS). Jakarta (VNA) – Indonesia posted an economic growth rate of 5.03% in the first quarter of 2023 thanks to improved consumption and increase public […]
Read MoreMANILA, Philippines — Bank lending continued to grow in March, albeit at a slower pace as loan growth is expected to soften because of the Bangko Sentral ng Pilipinas’ interest rate hikes that were meant to fight inflation. Excluding lending among each other, outstanding loans of universal and commercial banks advanced 10.1% year-on-year in March. This was […]
Read MoreKUALA LUMPUR: Bank Negara Malaysia (BNM) and Bank Indonesia (BI) has announced the commercial launch of the Indonesia-Malaysia cross-border quick response (QR) code payment linkage. The linkage enables Indonesians and Malaysians to make instant retail payments in both countries by scanning the Quick Response Code Indonesian Standard (QRIS) or DuitNow. The launch follows the successful […]
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Thailand
