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Fitch says Philippine banks at risk from weak property sector

MANILA, Philippines — Philippine banks remain at risk amid the prolonged weakness of the property sector despite the recovery in prices in the fourth quarter of last year, according to Fitch Ratings. In a report, the debt watcher said the Philippines’ property market would remain weak amid the impact of the pandemic. “We expect the […]

External trade a new driver of Vietnam economic growth

The biggest challenge for Vietnam’s economy in 2021 is whether the country could deal with another resurgence of Covid-19 outbreak. As domestic production and services sectors continue to struggle with Covid-19 impacts, external trade with the foreign-invested sectors playing a leading role will serve as the driving force for Vietnam’s economic growth this year. This […]

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Fitch says Philippine banks at risk from weak property sector

External trade a new driver of Vietnam economic growth