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Wednesday, 14 Apr 2021 08:20 PM MYT KUALA LUMPUR, April 14 — Malaysian banks’ asset quality recovery is expected to be protracted beyond this year and is looking at returning to pre-Covid levels by 2023, said S&P Global Ratings. South and Southeast Asia (SSEA) Financial Services Ratings director, Ivan Tan said this was because of the delayed economic recovery due to the third wave of Covid-19 which had negatively impacted the banks. “Another factor is that the proportion of loans under moratorium or restructured loans remain high, about 20 per cent in Malaysia and also Indonesia. “Thi...

BusinessWorld February 23, 2021 | 12:35 am A new wave of coronavirus infections may derail the Philippine’s fragile recovery. — PHILIPPINE STAR/MICHAEL VARCAS A FRESH SURGE in coronavirus disease 2019 (COVID-19) infections will likely further delay the Philippine economy’s recovery, S&P Global Ratings said on Monday. If recovery is derailed, S&P said in a separate report the financial buffers of some Philippine banks may not be able to absorb a rapid deterioration in asset quality. “The major emerging markets in this region — Indonesia, Malaysia, the Philippines, and...

The Straits Times Switzerland also plays off the unabated desire to travel.PHOTO: SWITZERLAND TOURISM https://str.sg/JKFn They can read the article in full after signing up for a free account. Share link: Or share via: Sign up or log in to read this article in full Sign up All done! This article is now fully available for you Read now Get unlimited access to all stories at $0.99/month for the first 3 months. Get unlimited access to all stories at $0.99/month for the first 3 months. including the ST News Tablet worth $398. Let's go! Spin the wheel for ST Read and Win now.

January 27, 2021 | 12:01 am Font Size AAA THE PLANNED merger between Bank of the Philippine Islands (BPI) and BPI Family Savings Bank (BFSB) will boost efficiencies and have little impact on the parent bank’s credit profile, S&P Global Ratings said. “The integration will increase BPI’s operational efficiency by eliminating duplication of the physical network. The surge in popularity of mobile and internet banking due to COVID-19 has enhanced focus on having a robust digital infrastructure and rationalize the branch network,” S&P analysts Ivan Tan and Nikita Anand ...

Singapore’s hawker culture has been recognized by UNESCO, but there are questions about its sustainability. By January 13, 2021 Advertisement If there is one thing Singaporeans are known for, it is their deep-seated love for food. The sight of people staying in snaking queues for hours in hopes of securing a packet of locally fried char kway teow (a stir-fried rice noodle dish) or a piping hot bowl of prawn noodles is not uncommon. In fact, this “foodie” culture has made its way to the international stage with UNESCO’s recent decision to recognize the country’s hawker culture as a...