phil03
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Philippines: Credit growth slumps in September

Slowest in 13 years MANILA, Philippines — Credit growth slumped to its slowest pace in more than 13 years as banks are more cautious because of the growing number of loan defaults despite the regulatory relief measures extended by the Bangko Sentral ng Pilipinas (BSP). Preliminary data from the BSP showed loans extended by big […]

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Thailand: BoT, Finance Ministry wrangle baht

The Finance Ministry has discussed managing the baht’s movements with the Bank of Thailand in a bid to help exporters and recoup the economy amid a tourism slump. The export sector plays an important role in helping stimulate the economic recovery as the tourism industry remains battered by adverse effects stemming from the pandemic, said […]

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Car sales in Vietnam surge 15% in October

The Hanoitimes – Car sales in Vietnam in the January–October period dropped 18% year-on-year to 212,409 units across all segments. The number of cars sold in Vietnam in October increased by 22% month-on-month and 15% year-on-year to 33,254 units, which came on the back of strong growth of 32% inter-monthly in the sales volume in September, […]

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