MANILA, Philippines — Term deposit rates continued to ease further amid the liquid environment in the country, according to the Bangko Sentral ng Pilipinas. BSP Deputy Governor Francisco Dakila Jr. said the yield of the seven-day term deposits slipped by 0.626 basis point to 1.6157 percent at the term deposit facility (TDF) yesterday from last […]
Read MoreModern trade sentiment remained downbeat in the fourth quarter last year, falling to a two-year low as operators were concerned about the crisis and the relatively weak purchasing power among local consumers. Thanavath Phonvichai, vice-president of research at the University of the Thai Chamber of Commerce (UTCC), said the modern trade sentiment index stood at […]
Read MoreCambodian imports from Malaysia fell in 2020 to their lowest figure since 2016, according to a news release issued by Malaysia’s Ministry of International Trade and Industry (MITI). Malaysia’s 2020 exports to Cambodia dropped 42 percent year-on-year to $368.5 million, said Mohamed Azmin, the MITI’s senior minister. The pandemic had “directly caused major disruptions to […]
Read MoreThailand retains the pole position in the world for internet users engaging in mobile banking and financial services apps while becoming one of the top five for e-commerce adoption, mobile payment, mobile commerce and QR code usage, according to the Digital 2021 report. The annual report was published by We Are Social, a global digital […]
Read MoreMANILA, Philippines — Loans disbursed by big banks contracted in December last year, ending more than a decade of credit growth in the country due to uncertainties brought about by the COVID-19 pandemic, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. BSP Governor Benjamin Diokno said preliminary data showed loans extended by universal and commercial […]
Read MoreThe real estate inventories of listed companies increased significantly in the fourth quarter of 2020 over a year ago because many projects were stagnant due to the impact of the COVID-19 pandemic, legal bottlenecks and limited financial capacity of the developers. The financial report of Dat Xanh Group (DXG) showed that the company earned revenue […]
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