The Philippines' gross domestic product (GDP) expanded 5.7 percent year-on-year in the first quarter of 2024, the Philippine Statistics Authority (PSA) said. The latest figure is higher than the 5.5 percent growth in the fourth quarter of 2023, but lower...
The average bad loans ratio is 0.16%. Taiwan’s 38 domestic banks have extended $1.23t in loans by the end of March 2024, according to data from the Financial Supervisory Commission (FSC). This is about $14.49b higher than in February. The total...
After eight rate hikes in Sweden, inflation is now close to the Riksbank’s 2% target after peaking at over 10%. Sweden's central bank cut its key interest rate to 3.75 per cent from 4.00 per cent on Wednesday (May 8)...
U.K. inflation is forecast to fall below target in the near term. The Bank of England maintained its key U.K. interest rate at a 16-year high of 5.25% though it gave a broad hint that a reduction could be on...
U.S. and Canada lead the way in global deal value. Deal activity in the global private equity market surged in April, according to S&P Global Market Intelligence. The value of deal-making totalled $65.1 billion (all figures in U.S. dollars) last month,...
New issue activity on track to meet US$950 billion full-year forecast. Global issuance of sustainable bonds rebounded in the first quarter, setting the stage for a solid year of new issue activity, says Moody’s Investors Service. In a report, the rating...
The relationship between FDI and emerging markets (EMs) used to be one-way traffic. Multinationals from rich countries invested into EMs in search of high returns and new markets, transferring technology, managerial knowhow and expertise in the process. Very little...
Princeton Digital Group secured a $280 million green loan to help finance a $1.5 billion data center it’s building in southern Malaysia, a first for the Asian infrastructure operator as it aims to get that complex operational by June. The...
Challenges have been reduced due to the central bank's move to a flexible exchange rate and the tightening of monetary policy. Fitch Ratings has upgraded Egypt's outlook to positive, saying reduced external financial risks and stronger inflows of foreign direct...
Ankara is expected to take measures to streamline fiscal, monetary and incomes policies in 2024. S&P Global Ratings has upgraded Turkey's credit rating outlook, citing the government's strategy of taking a more rebalanced approach that is expected to generate confidence...
