MANILA, Philippines — Dutch financial giant ING Bank said the Philippines’ gross domestic product (GDP) growth likely slowed to 3.8 percent in the third quarter from 11.8 percent in the second quarter due to intermittent lockdowns. Nicholas Mapa, senior economist at ING Bank Manila, said despite the slower growth, the Philippine economy likely remained in […]
Read MoreThere has been a surge in demand for consumer credit, according to Credit Bureau Cambodia (CBC), with a 38 percent rise in applications for mortgages, credit cards and personal finance in the third quarter of the year. Applications for home loans rose by 39 percent, with 38 percent increases in personal finance and credit card […]
Read MoreSINGAPORE – The manufacturing sector has continued to expand even though cost pressures are intensifying for local companies, in particular, those in the electronics sector. Overall, the manufacturing sector has now recorded 16 months of consecutive growth, according to data from the Singapore Institute of Purchasing and Materials Management (SIPMM) that was released on Tuesday […]
Read MoreJakarta (ANTARA) – The Indonesian Coordinating Ministry of Maritime Affairs and Investment has ensured the realization of Indonesia’s commitments to the Recovery of a Sustainable Sea-Based Economy in Indonesia. This statement was conveyed by Deputy Basilio, representing Indonesia at the Ocean Panel Leader Meeting, High Level Panel for a Sustainable Ocean Economy (HLP SOE) in […]
Read MoreKUALA LUMPUR: Malaysia’s central bank kept its benchmark interest rate unchanged on Wednesday, as expected, to support a steady recovery as the economy gradually reopens amid high COVID-19 vaccination rates. Bank Negara Malaysia (BNM) held its overnight policy rate steady at a record low of 1.75%, as predicted by all of 22 economists polled by […]
Read MoreBitkub Online Co became Thailand’s latest startup to notch up a valuation of more than $1 billion after it sold a majority stake to the nation’s biggest bank by market value. Bitkub’s coin tripled in value after the deal was announced. Siam Commercial Bank Plc said late on Tuesday that it will acquire 51% of Bitkub for […]
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