MANILA, Philippines — The exposure of Philippine banks to the volatile property segment grew further to 23.3 percent in the first quarter from 22.01 percent in the same period last year, with the industry’s non-performing loan (NPL) ratio to the property sector breaching five percent. Data from the Bangko Sentral ng Pilipinas (BSP) showed the […]
Read MoreBangkok is the world’s second best city in which to work as a digital nomad because of its mix of accommodation, WiFi spots, transport and cuisine, according to a new study by the UK-based flexible working solutions provider The Instant Group. The study revealed Bangkok was only surpassed by Lisbon, Portugal in the rankings. Bangkok’s […]
Read MoreThe Housing Finance Association expects rising inflation and interest rate hikes to dampen demand for property and mortgages this year. The price of new houses is continuing to increase, in line with higher building material prices. Projected interest rate hikes in the second half of this year should pressure demand among homebuyers and those seeking […]
Read MoreKUALA LUMPUR: Malaysia’s economic growth projection of between 5.3 per cent and 6.3 per cent this year is still on track, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz(pix). “But things are very fluid, so we have to continuously monitor the progress to ensure that both appropriate monetary and fiscal responses are done to […]
Read MoreThe Lao government is so desperate for cash that it is offering about U.S. $340 million in bonds with a six-month interest rate of 20 percent, terms that sources told RFA sounded too good to be true. The Lao economy is struggling with rampant inflation, a severe lack of foreign currency, and shortages of food […]
Read MoreTo support energy transition, collaboration is needed Jakarta (ANTARA) – The Indonesian government offered investment to develop the energy sector, especially oil and gas, to the Government of Norway to enable Indonesia to realize its energy transition and carbon neutrality program in future. “Norway has technology and experience in the energy sector. This is a […]
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Thailand
