The Bank of Thailand has set out measures to rein in mortgage lending after it found widespread search-for-yield behaviour in the residential market, with some banks extending housing loans exceeding the central bank’s guidance. The prolonged low-interest-rate environment led to search-for-yield behaviour in the property market, artificial demand in mortgage lending and underpricing of risks, though the […]
Read More(KPL) Lao firms and households are expected to benefit from a new US$13-million project, approved on Sep 27, 2018 by the World Bank’s Board of Executive Directors, which will promote reforms to the business environment, for instance reducing the number of days needed to start a business. The Lao PDR Competitiveness and Trade Project will […]
Read MoreThe government of Germany has committed EUR4 million (approximately US$4.6 million) to the Mekong River Commission (MRC) to strengthen Mekong cross-border water cooperation, according to the MRC. The inter-governmental organisation of Cambodia, Laos, Thailand and Vietnam announced yesterday it had received an official letter from the Embassy of Germany to Laos in Vientiane that was […]
Read MorePHNOM PENH: Cambodia’s economic growth should stay at 7.25% this year and 7% next year, the International Monetary Fund (IMF) said on Tuesday. Bank credit, increasingly lent to the real estate sector, is expected to grow around 20% this year and along with credit quality and unregulated lending by real estate developers, continues to pose […]
Read MoreKUALA LUMPUR: About 13.7 million Malaysians are still not covered by any form of social security protection, says Datuk Seri Dr Wan Azizah Wan Ismail. The Deputy Prime Minister said the figure was alarming and the situation needed to be addressed. According to the January 2018 data of the Statistics Department, the country has 15.19 […]
Read MoreMANILA, Philippines — The Philippine stock market was a world in turmoil yesterday, with the index slipping way below bear territory as most investors are now getting increasingly impatient over the still unabated monster inflation in the country. The benchmark Philippine Stock Exchange index (PSEi) went on a tailspin to close at 7,132.36, down 89.72 […]
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