MANILA, Philippines — Bad debts are not yet done saddling Philippine banks this year with regulators told to expect them to rise to their highest level since at least 2008, crippling their ability to lend and exacerbating an economic downturn with no end in sight yet. The local banking industry is seeing non-performing loans (NPL), […]
Read MoreWhile advancements in 2020 Provincial Competitiveness Index strengthen local business climate, breakthrough approaches are urged to create new room for future improvements to increase investment attraction amid tougher regional competition. Just a few days ago, the northeastern province of Quang Ninh licensed a $500 million photovoltaic cell technology project funded by Jinko Solar Hong Kong. […]
Read MoreThe Commerce Ministry plans to upgrade its export growth forecast to more than 4% after Thai export value in March recorded 8.47% growth, driven by intensive economic stimulus policies in trading countries, worldwide vaccinations and higher crude oil prices. Thai exports were above US$20 billion for two consecutive months, with value in March rising to […]
Read MoreSINGAPORE – The Republic’s core inflation continued to rebound in March, driven by higher services inflation as well as smaller declines in the costs of retail and other goods, electricity and gas. This comes after it turned positive in February for the first time in a year. Core inflation, which excludes accommodation and private road transport costs, […]
Read MoreHo Chi Minh City and Da Nang are seriously planning to convert the two cities into international financial centers. This decision has been raising much concern among experts in the field. Future development In order to create an international financial center with modern high-rise buildings in city centers or coastal areas requires substantial amounts of […]
Read MoreJapanese debt watcher also keeps ‘stable’ outlook on Philippines MANILA, Philippines — Tokyo-based Rating and Investment Information Inc. has affirmed the Philippines’ investment-grade credit rating of BBB+ and stable outlook, indicating a vote of confidence on the economy’s COVID-19 recovery and growth prospects over the medium term. The Japanese debt watcher said it recognized the […]
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