About 80 percent of surveyed businesses say the biggest obstacle to borrowing money from banks is the lack of collateral. Nguyen Van Than, chair of the Vietnam Association of Small and Medium Enterprises, has said repeatedly at business forums that enterprises cannot borrow money from banks because of the strict requirements on procedures on appraisal […]
Read MoreMANILA, Philippines — The expansion of the Philippine economy is expected to hit the brakes this year, with growth likely to fall below government assumptions on global uncertainties despite easing commodity prices. In a briefing yesterday, Sun Life Investment Management and Trust Corp. (SLIMTC) said the overall economic view remains positive, but headwinds continue to […]
Read MoreThe Bank of Thailand’s Monetary Policy Committee (MPC) has raised its policy rate by 0.25 percentage points, in a bid to maintain the momentum of the Thai economic recovery. The MPC yesterday voted unanimously to raise the policy rate by a quarter percentage point, from 1.75% to 2%, with immediate effect. The rate hike aligns with […]
Read MoreWhile investment in concession operations and special economic zones dropped in Laos last year, the number of newly registered businesses has increased significantly, a new report has unveiled. The value of authorised investment in concession projects dropped from US$7.39 billion in 2020 to only US$2.41 billion in 2021 and US$2.14 billion in 2022, according to […]
Read MoreAgencies have recently launched fiscal and monetary policies expected to serve as a strong push to help the economy escape the risk of growth decline. On May 24, the State Bank of Vietnam (SBV) said the agency released Directive No 2 on strengthening lending, adjusting debt payment deadlines and keeping debt groups unchanged in an […]
Read MoreEconomists are concerned about a weakening Chinese economy, saying the mainland’s shaky recovery from the pandemic has pressured regional stock markets and the Thai economy. China’s manufacturing purchasing managers’ index (PMI), which fell to a five-month low of 48.8 last month, was among the major reasons Asian stock markets declined on Wednesday, along with a dimming […]
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