MANILA, Philippines — Rising interest rates and higher construction costs are among the headwinds in the country’s residential property market due to their potential impact on mortgage rates, according to a professional services and investment management firm. “Colliers believes that developers need to be cautious with rising interest and mortgage rates, and the potential impact […]
Read MoreThe Kingdom’s banking and financial system has maintained sound growth momentum despite Covid-19-related setbacks over the past couple of years, according to a senior official at the central bank on October 31. Rath Sovannarak, director-general of the National Bank of Cambodia’s (NBC) Banking Supervision Department, was speaking at an outdoor event on the occasion of […]
Read MoreSmall and medium enterprises form the backbone of Southeast Asia’s growing economy. Accounting for more than 90% of the private businesses in the region, this sector is responsible for generating employment, exports and GDP growth. Hit badly by pandemic-induced lockdowns, SMEs are embracing e-commerce and digitisation to recover from the prolonged bout with physical restrictions and unstable […]
Read MoreMANILA, Philippines — Remittance inflows to developing Asian countries from overseas workers are expected to continue to grow this year, while deployment of migrant workers from the region disrupted by restrictions imposed due to COVID-19 is expected to return to pre-pandemic levels amid the resumption of economic activities, the Asian Development Bank (ADB) said. In […]
Read MoreThe Bank of Thailand will not extend the easing of loan-to-value (LTV) measures for mortgage loans as the economy is showing clearer signs of recovery. The central bank decided against further extending the easing of LTV measures launched in October 2021 and set to expire in December 2022, said the Bank of Thailand’s assistant governor Chayawadee Chai-Anant. […]
Read MoreJAKARTA : Indonesia’s inflation rate eased in October but remained above the central bank’s target range for five straight months, statistics bureau data showed on Tuesday, against market expectations for a slight acceleration. The headline annual inflation rate cooled to 5.71 per cent in October, compared with 5.95 per cent in September and 5.99 per […]
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