MANILA, Philippines — Banks continue to grapple with higher bad loans amid the economic fallout caused by the COVID-19 pandemic, the Bangko Sentral ng Pilipinas (BSP) said. The central bank said the gross non-performing loan (NPL) ratio of the banking sector rose for the eighth straight month, hitting its highest level in almost seven years […]
Read MoreThe government is preparing Rp 75 trillion (US$5.1 billion) in capital for the nation’s sovereign wealth fund to attract investment and support the economy as global heavyweights from the United States to the United Arab Emirates have expressed interest to join. Finance Minister Sri Mulyani Indrawati said Rp 30 trillion of the capital would be […]
Read More[KUALA LUMPUR] Malaysia’s corporates are turning to private share placements to raise funds as demand for public listings of bonds and stocks wanes and banks cut back on their lending. The South-east Asian nation’s stock exchange saw 151 deals in the first nine months of the year, compared with 76 in the same period of […]
Read MoreConsumer sentiment fell for the first time in five months in September, as people remained concerned about political instability, the slow economic recovery and higher unemployment as a result of the pandemic. The University of the Thai Chamber of Commerce (UTCC) reported yesterday that the consumer confidence index dropped to 50.2 in September from 51 […]
Read MoreBanks are pushing the sale of life insurance products (bancassurance) in the context of low credit growth since the beginning of this year due to the impacts of the COVID-19 pandemic. Bancassurance has become popular in recent years when banks and insurance companies increased cooperation to tap the potential of the profitable and low-risk business […]
Read MoreHealthcare, food safety, remote work, renewable energy and mobile commerce are among growing sectors Thailand can capitalise on as new opportunities in the wake of the pandemic, says Line Thailand. “The pandemic is a big accelerator of technology consumption and behavioural change,” said Oliver Tonby, chairman of consulting firm McKinsey & Company, via a video […]
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