Fitch Ratings-Bangkok-08 April 2021: The Viability Ratings (VR) of Thailand’s five largest banks are driven by their domestic franchises, which support through-the-cycle earnings generation and the build-up of sound capital buffers, Fitch Ratings says in a peer review report. The five banks have strong and sustainable market shares, and a diverse presence across products and […]
Read MoreThe Ministry of Health on April 8 issued an announcement on Covid-19 vaccination for foreigners residing and working in Cambodia, directing the Ministry of Labour and Vocational Training and local authorities to register them. Health minister Mam Bun Heng, who is also head of the inter-ministerial committee tasked with combatting Covid-19, said the vaccination is […]
Read MoreLand prices unexpectedly escalated after Tet holiday, though Vietnam is still struggling with Covid-19 and people have had to tighten their purse strings during the pandemic. Land prices in Hanoi skyrocketed following the news that the municipal authorities are planning to release the Red River subdivision plan in June. In Dong Anh suburban district, the […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has retained the cap on interest rates on all credit card retail purchases and cash advances at 24 percent per year or two percent per month amid the low interest regime to help the economy recover from the pandemic-induced recession. In his weekly virtual press conference, […]
Read MoreKUALA LUMPUR: Malaysia’s industrial production rose at a slower pace than expected in February, expanding 1.5% from a year earlier driven by higher factory output, government data showed on Friday. The production index measures factory output in manufacturing, mining and electricity generation. February’s expansion undershot the 2% growth forecast by 11 economists in a Reuters […]
Read MoreAFP – G20 finance ministers and central bankers began a videoconference to coordinate post-pandemic recovery plans, increase help for the poorest COVID-hit countries and discuss a US-backed global minimum corporate tax. The meeting hosted by current G20 chair Italy came a day after the International Monetary Fund (IMF) forecast faster-than-expected global economic growth this year of […]
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