Thailand:Bad loans ready to peak Friday, 12 Aug 2016 – The surge in bad loans is expected to peak in the third quarter and take a bite out of commercial banks’ quarterly earnings, says a senior central bank official. Non-performing loans (NPLs) associated with small and medium-sized enterprises (SMEs) and housing are expected to rise […]
Read MoreVietnam: Credit rises 8.54% by July 29 Friday, 12 August 2016 – Credit rose 8.54 per cent by July 29 against late last year while mobilised capital surged 9.94 per cent, the State Bank of Vi?t Nam reported yesterday. At a meeting held in Hà N?i yesterday to review banking operations in H1 and outline […]
Read MoreVietnam: PVN expects to reach target despite low global oil prices Friday, 12 August 2016 – The Vi?t Nam National Oil and Gas Group (PVN) earned VN?253 trillion (US$11.3 billion) in revenue and paid VN?50.7 trillion to the State budget in the first seven months of this year. ?? Chí Thanh, PVN deputy general director, […]
Read MoreSingapore: Asean now biggest market for Singapore Friday, 12 August 2016 – South-east Asia has overtaken the United States to become the largest market for Singapore’s goods and services, according to Ministry of Trade and Industry (MTI) data yesterday. It noted that the combined demand from the top five economies in Asean outside Singapore – […]
Read MoreIndonesia: Indonesia cuts property tax in bid to boost home sales Friday, 12 August 2016 – Indonesia is cutting in half a tax on home sales from September, according to a presidential regulation, a move that should help the country?s property sector. The sellers of homes will be subject to a final tax of 2.5% […]
Read MoreMalaysia: Malaysia’s economy grows 4% y-o-y in Q2 as slowdown drags on Friday, 12 August 2016 – Malaysia’s economy expanded 4 per cent in the second quarter, the slowest pace in nearly seven years, as exports and domestic investments were weak. The growth was in line with a Reuters poll that forecast 4 per cent […]
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