ECONOMIC growth in the Asean region could rebound to an average 8 per cent in 2021 on the back of recovery in Chinese import demand and global trade, after falling into recession in the first half of 2020, a report suggested on Monday. The report, written by Oxford Economics and commissioned by the Institute of Chartered Accountants in England […]
Read MoreWill consumer loans remain a money-spinner for banks post-COVID-19? This was a question recently posed by market observers after witnessing the pandemic’s big economic impact on individuals and households, dragging down demand for personal loans. This has had an impact on banks’ profits. But experts said consumer finance would remain lucrative for lenders though they […]
Read MoreMANILA, Philippines — The peso managed to stay below the 50 to $1 level despite shedding 10 centavos as the Bangko Sentral ng Pilipinas (BSP) continues to intervene in the foreign exchange market to smoothen the volatility of the local currency. The peso closed at 49.90 to $1 yesterday, weaker than last Friday’s 49.80 to […]
Read MoreThe government aims to boost homeownership in Indonesia through its public housing savings program (Tapera), which requires employers and workers to contribute to a mortgage loan scheme similar to universal healthcare insurance. However, some employers and workers have said the program will be an added burden. Public Works and Housing Ministry Infrastructure Financing Director General […]
Read MoreThe baht’s appreciation is not expected to be as profound as last year’s surge because a lower current account surplus is projected thanks to slower growth in exports and tourism, says Asia Plus Securities (ASP). The local currency’s value against the greenback strengthened from 33 in early April to 31.44 yesterday as of press time. […]
Read MoreKUALA LUMPUR (Bernama) – Malaysia’s economy can be expected to be on the recovery path starting from the end of this year and return to growth into 2021, said The World Bank. Its country manager for Malaysia Dr Firas Raad said the country needed to continue with its encouraging and effective public health measures while bringing […]
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Thailand
