MANILA, Philippines — The current monetary policy tightening cycle in Asia-Pacific is favorable for Philippine banks, but is not expected to result in a significant decline in credit growth and asset quality, according to Fitch Ratings. In a report, the debt watcher said the rising interest rates would be mildly favorable and would have revenue […]
Read MoreYahoo, PayPal, and several gaming websites have been blocked by Indonesia for failing to comply with new regulations, according to Reuters. The new licensing rules required tech firms to register as of November 2020 and allows authorities to access platform user data. It also lets them take down content seen as unlawful – or that “disturbs public […]
Read MoreSINGAPORE: The global inflation wave that has crashed onto Singapore’s shores is hitting households harder as they pile up more expenses while incomes aren’t keeping up. That’s the conclusion of DBS Bank analysts, who dissected data from 1.2 million retail customers, anonymous and aggregated, to understand the impact and implications of soaring price growth in […]
Read MoreGlobal growth recovery and rapid resumption in economic activity will give impetus to Cambodia’s economic growth this year, according to the National Bank of Cambodia (NBC). The growth will be supported by the garment, tourism, agriculture, and construction sectors, according to the latest report of NBC. The Kingdom’s economic growth is expected to be at […]
Read MoreThai exporters have been warned to brace for the impact of China’s economic uncertainties in the second half of the year on top of the looming global recession, runaway inflation and energy crisis. Chaichan Charoensuk, chairman of the Thai National Shippers’ Council (TNSC), said exporters should have proactive measures and shift their manufacturing and export […]
Read MoreThe first half of the year saw interest rates edging up 0.5-1 percentage point against the end of last year. Liquidity in the banking system was blamed for interest rate hikes. The first-half demand for credit grew a staggering 9.35 % against the beginning of the year while the rise in deposits was nearly 4.51%, […]
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Thailand
