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Thailand: Firms rip reopening delay to Nov 1

Confusion over reopening timelines has spoiled the chance for the tourism industry to rebound during the coming high season as inconsistent policies damage the country’s credibility and international tour operators refrain from planning packages until policies are confirmed. The reopening plan for five areas — Bangkok, Chiang Mai, Pattaya, Hua Hin and Phetchaburi — faced […]

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Evergrande woes unlikely to dent Philippine banking system

MANILA, Philippines — The possible collapse of debt-troubled Evergrande, China’s second largest real estate company, is unlikely to jolt the Philippine banking sector, an official of the Bangko Sentral ng Pilipinas (BSP) said. Ma. Cynthia Sison, deputy director of the Supervisory Policy and Research Department at the BSP, said local banks’ cross-border exposures or claims […]

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