The revised loan-to-value (LTV) regulations will remain in place to curb risks accumulating in the property sector, says the Bank of Thailand. The central bank has continuously monitored and assessed the property sector since the revised LTV rules took effect in April 2019, said Nawaron Dejsuvan, assistant governor of the financial institutions policy group. The […]
Read MoreThe Hanoitimes – To ensure its place among front-runners in attracting global FDI in the future, Vietnam should prioritize quality over incentives in attracting investment capital, said an ADB expert. Many countries are offering Samsung better incentives than Vietnam, but the South Korean tech giant is still committed to the country, largely thanks to its constantly […]
Read MoreKUALA LUMPUR: Malaysia’s industrial output expanded by 1.2% from a year ago, exceeding a Bloomberg survey of 1%, as the growth was underpinned by the manufacturing sector. The Statistics Department said on Friday the Industrial Production Index (IPI) returned to positive growth since February 2020 from a year ago. Chief Statistician Datuk Seri Dr Mohd […]
Read MoreMANILA, Philippines — The Philippines will likely lower its rice imports to 2.2 million metric tons this year from three million MT in 2019 amid improving local production. During the deliberation on DA’s 2021 budget yesterday, Agriculture Secretary William Dar said local production is seen to improve this year and achieve a record high production […]
Read MoreThe Bank of Thailand plans to issue new bonds based on the Thai Overnight Repurchase Rate (THOR) next year, aiming to encourage the use of the new reference rate after the upcoming phase-out of the London Interbank Offered Rate (LIBOR). THOR, in effect since April this year, was developed to replace LIBOR as the interest rate […]
Read MoreJAKARTA: The unexpected decision to put Indonesia’s capital back into a tougher lockdown has surprised analysts and investors and threatens to prolong the recovery of South-East Asia’s largest economy. With Jakarta accounting for around 20% of the country’s GDP, the decision could cause the Indonesian economy to contract for a third consecutive quarter, upsetting an […]
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