The Bank of Thailand (BOT) expects non-performing loans (NPLs) to rise this year amid the lingering Covid-19 impact on businesses. BOT senior director Suwannee Jatsadasak said commercial banks’ accumulated NPLs last year stood at Bt523.3 billion, or 3.12 per cent of total loans – up from 2.98 per cent in the previous year. “Most of […]
Read MoreThe Hanoitimes – Optimism about economic growth, however, is inversely proportional to respondents’ working position. A recent report from recruitment firm Navigos suggested more than 50% of workers are optimistic about Vietnam’s economic prospects this year, while 31% say the economy will decline. However, the report, which was conducted base on a survey on 6,000 employees […]
Read MoreExports rose for a second straight month in January, albeit at a slow pace, edging up by 0.35% from the same month of last year after a 4.71% year-on-year surge in December 2020. The Commerce Ministry reported that customs-cleared exports fetched US$19.7 billion in the first month of this year, with imports declining 5.24% to $19.91 […]
Read MoreKUALA LUMPUR: Malaysia’s consumer price index recorded a year-on-year (y-o-y) decrease of 0.2% to 122.1 in January, representing a 10th straight month of declines since March last year. However, the CPI was 1.2% higher over the previous month and the core index was up 0.7% y-o-y. Transport prices remained the leading laggard, falling 5.1% y-o-y […]
Read MoreVisa, the world’s leader in digital payments, announced the launch of contactless payments at Total stations and Bayon Market locations across Cambodia, said the company’s press release, stressing that the partnerships come as the adoption of contactless payments accelerates in the country amid the new hygiene best practices brought by Covid-19. According toVisa, Cambodia’s rapidly […]
Read MoreMANILA, Philippines — The National Economic and Development Authority (NEDA) will have to reassess the country’s economic target for the year after President Duterte decided to forgo a plan to put the Philippines under the most lenient quarantine status until mass vaccination has started. When sought for comment, acting Socioeconomic Planning Secretary Karl Chua said […]
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