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Philippines: Economists see out of cycle rate cut

MANILA, Philippines — Economists are expecting the Bangko Sentral ng Pilipinas (BSP) to hold an emergency meeting to cut interest rates by 50 basis points to cushion the impact of the coronavirus disease 2019 or COVID-19 on the economy. Euben Paracuelles, chief economist for ASEAN at Japanese investment house Nomura, said the central bank’s Monetary […]

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Indonesia: Budget cuts, furloughs inevitable for start-ups to survive pandemic: Investors

Investors have advised start-ups to start cutting their budgets, furloughing some employees and even laying off others to survive the COVID-19 pandemic, which will likely hit the economy hard. According to Dimitra Taslim, an investor at California-based venture capital company GGV Capital, start-ups could begin with slashing perks such as travel allowances and free food while opting for […]

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Thailand: Digital banking surges in sea change

The pandemic has ravaged businesses and forced social distancing, spiking demand for remote and digital services as well as online banking. Opening bank accounts online has surged after all commercial and state banks closed all branches nationwide during March 28-29 and banned account opening services for another eight days due to crowds of people inside […]

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