MANILA, Philippines — Banks’ bad loans climbed for the fifth straight month in May to hit the highest level in almost 13 years as the country continues to struggle amid the resurgence of COVID-19 cases. Preliminary data from the Bangko Sentral ng Pilipinas (BSP) showed the gross non-performing loan (NPL) ratio of banks rose further […]
Read MorePETALING JAYA: In line with market predictions, Bank Negara left the overnight policy rate (OPR) unchanged at 1.75%, following the Monetary Policy Committee (MPC) meeting. This is the sixth consecutive MPC meeting in which the OPR has been retained at the record-low level. The last time the benchmark rate was revised was in July 2020, […]
Read MoreVietnam’s merchandise trade balance in the first half of the year resulted in a trade deficit. Last year, it had a trade surplus for the same period. The Ministry of Investment and Trade (MOIT) report on the industry and trade development showed an estimated excess of imports over exports of $1 billion in June. As […]
Read MoreThe baht opened at 32.54 to the US dollar on Friday, weakening from Thursday’s closing rate of 32.46. The Thai currency is likely to move between 32.50 and 32.65 during the day, Krungthai Bank market strategist Poon Panichpibool said. Poon suggested that investors monitor the government’s decision, especially on imposing a lockdown. He said that […]
Read MoreThe Industry Ministry has told Ming Dih Chemical to relocate its operation to an industrial estate if it wants to continue operating in the kingdom following the fire on Monday that affected at least 80,000 residents in Samut Prakan. Industry Minister Suriya Jungrungreangkit said the Department of Industrial Works has ordered the company to close […]
Read MoreMANILA, Philippines — Foreign trade posted a double-digit expansion in May, albeit slower than the previous month, as both exports and imports record softer growth. External trade continued its ascent for the fourth straight month in May, growing 39.9% year-on-year to $14.54 billion, the Philippine Statistics Authority reported Friday morning. But the expansion eased from […]
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