Bank Indonesia (BI) decided on Tuesday to keep its benchmark interest rate unchanged to safeguard the rupiah’s exchange rate amid financial market volatility but pledged to pursue other ways of quantitative easing to support the coronavirus-battered economy. The benchmark seven-day reverse repo rate was maintained at 4 percent for a fourth consecutive month, while the […]
Read MoreMANILA, Philippines — S&P Global Ratings and Fitch Ratings have raised the red flag over the potential impact of the COVID-19 pandemic on Philippine banks as a deeper economic recession could impair the industry’s asset quality, capitalization and profitability. S&P said the economic risk trend for banks operating in the Philippines has turned to “negative” […]
Read MoreThe new land appraisal prices, used as a base for the land and building tax collection, may not expand by the previously assessed rate of 8% because of the impact of Covid-19, says the Treasury Department. The new land appraisal prices were set to be used between 2020 and 2023, but have not been implemented […]
Read MoreVietnam has missed some economic development opportunities and should not ignore the chance to grow the night-time economy, according to economist Tran Dinh Thien. Thien was speaking at a night-time economy workshop with the focus on tourism and realty development in the southern province of Khanh Hoa last weekend. “Vietnam is a bright spot in the […]
Read MoreUnder current circumstances, cargo trucks trading between Myanmar and Thailand have been allowed to exchange their goods only in the BCF Zone Cargo Terminal compound of No.2 Friendship Bridge aso of October 11, said the commissioner of Myawady District. “Currently, bilateral trade is allowed only at the BCF Zone. We have some difficulties. The cargo […]
Read MoreSingaporean Club Cambodia has asked the minister of transport of Singapore to negotiate a two-way air travel bubble or so-called green lane arrangement with Cambodia. A letter was sent by Albert Tan, president of Singapore Club Cambodia, to Ong Ye Kung, the island nation’s minister of transport, stating that the Singaporean community in Cambodia wanted […]
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