MANILA, Philippines — The asset quality of Philippine banks deteriorated anew as the industry’s gross non-performing loan (NPL) ratio increased to 3.7 percent in January from 3.61 percent in December, as the mandated 60-day debt moratorium to soften the impact of the pandemic on borrowers expired last year, according to the Bangko Sentral ng Pilipinas […]
Read MoreWhile fashion fanatics will welcome the ever-increasing presence of international brands, the domestic consumer base has already lost a significant portion of its purchasing power amid the influence of the global health crisis on the economy, forcing domestic brands to face increased competition with new strategies to retain their business. While most fashion brands in […]
Read MoreThe Energy Regulatory Commission (ERC) has resolved to maintain the fuel tariff (Ft) at an average of -0.1532 baht per kilowatt-hour (unit) to control monthly power bills this year as the global oil price is on an uptrend. This Ft rate puts the power tariff, which is used to calculate electricity prices, at 3.61 baht […]
Read MoreKUALA LUMPUR: Despite the optimism of the ringgit strengthening against the US dollar this year, the local currency is likely to stay weak against its Asean peers in the medium-term dragged down by structural weaknesses within Malaysia’s economy. Omni Capital Partners Sdn Bhd managing director Scott Lim (pic) explained that the structural weakness in the […]
Read MoreMANILA, Philippines — The Bureau of Internal Revenue (BIR) announced that it is now implementing nationwide its online system for securing a tax clearance for bidding purposes after the successful pilot test in selected revenue offices last year. “Few months after it successfully rolled out its Electronic Tax Clearance for Bidding Purposes and Tax […]
Read MoreWith its rapid development, Vietnam’s hunger for reliable and sustainable energy sources grows daily. Thus, the country is making efforts to develop thermal gas power sources to diversify its portfolio, which could be a challenging task as there are currently insufficient supplies within its territory. Khanh Hoa province, on the south-central coast, has recently been […]
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Thailand
