MANILA, Philippines — Lending by Philippine banks is expected to accelerate at a faster rate of eight percent next year from a three percent growth this year as the economy continues to recover, according to Fitch Ratings. In a report, the debt watcher said the Philippine banking system’s financial performance is expected to recover moderately […]
Read MoreThe country’s reopening on Nov 1 marked the first step towards rebuilding the battered tourism industry, but the process will likely take several years as international demand is still sluggish and a new Covid variant just emerged. According to the Department of Disease Control, Thailand had 133,061 arrivals from Nov 1-30, far below the pre-pandemic […]
Read MoreSINGAPORE’S retail sales rose 7.5 per cent year on year in October, picking up from 6.8 per cent in the month before, in part as new product launches boosted mobile phone sales. On a month-on-month, seasonally adjusted basis, retail sales were up by 0.7 per cent, cooling against 6.1 per cent in September. Retail sales […]
Read MoreThe upcoming program is expected to cover all fields that are in need of support and have the potential to recover during the post-pandemic period. The upcoming economic recovery program may include resources from funds from the private sector or the non-state budget. Vice Minister of Planning and Investment Tran Quoc Phuong gave the remarks […]
Read MoreCambodia’s garment industry is the cornerstone of the economy accounting for 57 percent of the Kingdom’s exports and making up around 80 percent of its gross domestic product. As wages rise, international fashion houses, such as H&M, Adidas and Nike, may shift production elsewhere unless the industry makes fundamental changes, according to Soun Vichea, Director […]
Read MoreKEY FACTS Malaysia’s total trade, since August 2021, has maintained its upward trend with total trade expanding by 26.5 per cent, reaching RM202.6 billion in October 2021 as compared to RM160.1 billion in previous year. Exports continued to increase by 25.5 per cent to RM114.4 billion as compared to October 2020. Imports rose by 27.9 per cent year-on-year (y-o-y) […]
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Thailand
