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Thailand: BBL keen to finance EEC projects and fuel growth

The government’s flagship Eastern Economic Corridor (EEC) will stimulate private investment and rev up corporate loan demand next year, says a senior official at Bangkok Bank (BBL). Corporate loan demand is improving in line with the economic recovery, driven by the government’s infrastructure investment plan, while the EEC is expected to be the key driver […]

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World Bank offers to assist APEC in disaster risk financing

MANILA, Philippines — The World Bank has offered to assist the Asia-Pacific Economic Cooperation (APEC) in crafting solutions that would ensure the region is financially resilient against disasters and calamities, the Department of Finance (DOF) said yesterday. In a report to Finance Secretary Carlos Dominguez, Finance Assistant Secretary Paola Alvarez said the World Bank has […]

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Filipinos’ wealth declines in 2017 as inequality widens

MANILA, Philippines — Filipinos’ total wealth declined in 2017, according to a report by Credit Suisse that also shows slightly increasing wealth inequality in the country. The Swiss bank’s annual global wealth report revealed the Philippines’ total wealth depleted to $593 billion in 2017, lower than 2016’s $607 billion. Credit Suisse uses three components to […]

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