Moody’s Investors Service forecasts a 5-percent credit growth in the Philippines this year but warned that further lockdowns are a key downside risk. Moody’s analyst Joyce Ong said in a virtual briefing on Tuesday that credit growth in the country will likely remain moderated below pre-pandemic levels as businesses postpone expansion plans due to Covid-19 pandemic. “In terms of […]
Read MoreThai exports could fall by as much as 300 billion baht between August and December if the number of industrial factories hit by Covid-19 doubles, according to a key shipping body. Chaichan Chareonsuk, chairman of the Thai National Shippers’ Council (TNSC), said exporters are concerned about their prospects after Covid-19 infections have spread to at […]
Read MoreThe baht opened at 33.04 to the US dollar on Wednesday, weakening from Tuesday’s closing rate of 33.01. The Thai currency is likely to move between 32.95 and 33.10 during the day, Krungthai Bank market strategist Poon Panichpibool said. Poon explained that the baht was weakening while the US dollar could swing sideways. The baht […]
Read MoreEconomists are urging Thailand’s central bank to cut interest rates this week to support the economy amid rising downside risks. Pipat Luengnaruemitchai, chief economist at KKP Research, a research house under Kiatnakin Phatra Financial Group (KKP), said the Bank of Thailand’s Monetary Policy Committee (MPC) should reduce the policy rate at its next meeting on […]
Read MoreRISING costs of construction is the top potential risk factor that may temper sentiment in the next six months, a poll among senior executives of real-estate firms has found. This finding came from the latest Real Estate Sentiment Index (RESI) published by the National University of Singapore Real Estate (NUS+RE), which represents the Department of […]
Read MoreMature markets in much of the Asia-Pacific region are prompting banks to take risks with offshore investments as they look to increase demand for financial services. In countries such as Japan and South Korea low interest rates and a plateauing population have left little room for attracting new customers and making money from loans. That […]
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