MANILA, Philippines — The tightening cycle of the Bangko Sentral ng Pilipinas (BSP) may extend up to next year as inflation remained above the government’s two to four percent target, according to Fitch Solutions Country Risk & Industry Research. In a report, Fitch Solutions said the BSP was likely to increase its key policy rates […]
Read MoreOur target is to control inflation immediately next year, so we really need an increase in the benchmark interest rate. Jakarta (ANTARA) – Bank Indonesia (BI), in its Annual Budget Plan, has set the target of bringing down the Consumer Price Index (CPI) inflation to a level of 3.61 percent year on year (yoy) in […]
Read MoreBanks posted lower non-performing loan (NPL) ratios in the third quarter this year thanks to the economic recovery and appropriate risk management under their debt relief programmes. The commercial banking sector reported an NPL ratio of 2.77%, representing a total of 503 billion baht in the third quarter, down from 2.88% and 530 billion, respectively, in […]
Read MoreShowing signs of fast recovery from the pandemic, Cambodia’s tourism sector now looks forward to recording two million foreign tourist arrivals by this year-end, up from the previous projections of 1.2 to 1.3 million. According to the Minister of Tourism, Thong Khon, Cambodia welcomed around 1.2 million visitors from January to September this year, which […]
Read MoreThe race to lure deposits among banks is becoming fiercer as more customers are selected medium- and long-term savings to get higher interest rates. Deposits at banks are mainly from customers’ payment accounts. Previously, due to low interest rates on medium- and long-term deposits, a number of customers did not pay much attention to transferring […]
Read MoreMANILA, Philippines — The Federation of Free Farmers (FFF) is urging President Marcos to reject the proposal of economic managers to extend low tariffs on imported rice until next year as it is seen non-beneficial to the country with rice exporting countries cutting shipments and raising tariffs. The proposal was to extend Executive Order 171, […]
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Thailand
