Fears of a debt tsunami are amplifying with debt relief measures by the Bank of Thailand set to expire later this month. Suffering businesses are urging an extension to avoid shouldering a mountain of debt that could make them go under. Non-performing loans (NPLs) in consumer finance are edging up amid the economic downturn aggravated […]
Read MoreThe Chinese yuan and the Philippine peso are two of the strongest currencies in Asia this year. The yuan outperformed its regional peers in the 3rd quarter, recording its best quarterly gain in 12 years. The peso, Asia’s frontrunner this year with a year-to-date gain of 4.29 percent, posted its best quarter in a decade. […]
Read MoreHCM City People’s Committee recently proposed the land prices frame be more market-based because large gaps with the market prices have caused significant losses to budget collection. For example, regulated land prices in the southern city ranged from VND1.5 million per square metre to VND162 million, and a land price adjustment coefficient not exceeding 30 […]
Read MoreThe ratio of public debt to GDP in the next five years should not exceed the 60% ceiling even if taking into account the 1-trillion-baht loan decree, though the estimate excludes the probability of additional loans, says a senior finance official. The Public Debt Management Office (PDMO) has told Finance Ministry authorities that public debt […]
Read MoreIndonesian education technology (EdTech) companies have the potential to expand to a wider market, including vocational training and the digitization of schools, as the COVID-19 outbreak has increased the need for such services, experts have said. “EdTech is still an uncharted territory with a few players and plenty of potential. It is also very segmented, […]
Read MorePETALING JAYA: The country’s manufacturing activity in the fourth quarter of the year (4Q20) could slow further as fears of a new wave of Covid-19 transmissions could affect factory operations and see delays in investment decisions. In September, the Purchasing Managers’ Index (PMI), an indicator of the economic health of the manufacturing sector, remained in […]
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Thailand
