The Hanoitimes – A low-interest rate environment in long term could make capital available for other investment channels, so banks are under pressure to readjust their savings mobilization rates to better attract idle capital. A recovery in production and business activities could lead to higher demand for credit, in turn prompting banks to gradually raise their […]
Read MoreMANILA, Philippines — Sporadic COVID-19 outbreaks in Southeast Asia are threatening to delay recoveries and could slash the projected gross domestic product (GDP) growth of the Philippines to 7.1 percent instead of 9.6 percent this year, according to S&P Global Ratings. In a report, the debt watcher said the major emerging markets in the region […]
Read MoreKUALA LUMPUR: Malaysia’s economy is expected to return to positive growth this year, along with other economies globally on the sustained progress in the vaccine rollouts that will boost consumption worldwide, the World Bank Group said. Its Macroeconomics, Trade and Investment Global Practice lead economist, Richard Record, said the group expects the vaccine deployment can […]
Read MoreFederation of Thai Industries (FTI) is warning Thai exporters to brace for non-tariff barriers (NTBs), likely to be imposed by developed countries on their products, if Thailand fails to increase the proportion of renewable energy in its energy portfolio. FTI’s Renewable Energy Industry Club chairman Suvit Thoraninpanich said on Monday his club is alerting both policymakers […]
Read MoreToday, more than one billion people across Asia Pacific do not have access to formal financial services. Southeast Asia experiences particularly low levels of financial inclusion, with nearly three quarters of the population either ‘under-banked’, i.e. with limited access to financial services, or ‘unbanked’, i.e. completely excluded from the current financial services landscape. The Philippines […]
Read MoreBusinesses are forging symbiotic platforms to gain a piece of the Kingdom’s growing e-commerce sector, while challenging Facebook’s dominance in the industry. The Kingdom’s e-commerce sector generated $182 million last year and is projected to grow by 21.4 percent to reach $222 million this year, according to Statista, a German company that specialises in market […]
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Thailand
