MANILA, Philippines — The non-performing loan (NPL) ratio of Philippine banks accelerated for the fourth straight month as bad debts continued to soar amid the resurgence of COVID-19 cases in the country. Preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed the gross NPL ratio of the banking industry hit a fresh 12-year high […]
Read MoreTHE benefits of the temporary reduction in tariffs and increase in the minimum access volume for pork, which were implemented in mid-May, are expected to be felt this month, according to the National Economic and Development Authority (NEDA). “We expect to gradually see the benefits of Executive Orders (EO) 133 and 134 in the coming […]
Read MoreMANILA, Philippines — The government’s decision to reduce tariffs and bring in more imported pork are expected to temper the continued rise in consumer prices. The National Economic and Development Authority (NEDA) said inflation may start easing this month as the temporary reduction in tariffs and increase in the minimum access volume (MAV) for pork […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is likely to adjust its monetary policy by the last quarter of next year as it prioritizes the country’s economic recovery from the pandemic, an international think tank said. In a report, UK-based Oxford Economics said central banks in Asia-Pacific are expected to hike key interest […]
Read MoreMANILA, Philippines (Update 1, 12:32 p.m.) — Inflation remained steady for the third straight month in May, a welcome reprieve to consumers amid a pandemic-induced economic slump. Inflation, as measured by consumer price index, was unchanged at 4.5% year-on-year last month from April, the Philippine Statistics Authority reported Friday. That brought the year-to-date tally to 4.4%, settling […]
Read MoreMANILA, Philippines — The national government’s outstanding debt rose to a fresh record high of P10.991 trillion in April, boosted by both local and external borrowings, the Bureau of the Treasury (BTr) said. The total debt portfolio further grew by two percent or by P217.49 billion from its end-March level. Out of the total debt […]
Read More
Thailand
