[JAKARTA] Bank Indonesia’s (BI) policy will remain accommodative to help South-east Asia’s largest economy recover from the impact of the coronavirus pandemic, Dody Budi Waluyo, the central bank’s deputy governor, said on Wednesday. The recovery has so far been limited to some sectors, “incomplete and uneven”, and loan growth has been slow due to weak […]
Read More[KUALA LUMPUR] Malaysian prime minister Muhyiddin Yassin announced on Wednesday an additional economic stimulus package worth 10 billion ringgit (S$3.28 billion) in a bid to help industries and citizens badly hit by the coronavirus pandemic. The programme includes 7 billion ringgit in cash aid, assistance for small businesses and a wage subsidy scheme, Mr Muhyiddin […]
Read MoreSINGAPORE consumers are shifting towards online banking and online shopping amid the coronavirus pandemic, while also pivoting to better money management and mindful spending, a survey by Standard Chartered (StanChart) has found. The effects of the Covid-19 outbreak has “led to the emergence of a cashless and cautious consumer”, the bank said in a press […]
Read MoreThe Hanoitimes – Holding, sale and use of cryptocurrencies as an asset pose numerous risks and are not protected by law, stated a central bank official. The State Bank of Vietnam (SBV), the country’s central bank, does not consider cryptocurrencies legal tender and lawful means of payment in Vietnam, according to Nghiem Thanh Son, deputy director […]
Read MoreOnline vendors who refuse to display the prices of products on their pages and only reveal them to potential buyers in private messages will in future face hefty penalties, according to a new consumer protection law. The Royal Gazette on Tuesday announced that online vendors must display prices and other details explicitly on their online platforms, with […]
Read MoreThe Kingdom’s draft framework agreement for the development of a logistics centre is being discussed, according to the Ministry of Public Works and Transport (MPWT). Sun Chanthol, the minister of MPWT, said the Phnom Penh Logistics Complex (PPLC) is a potential centre to promote Cambodia’s transportation sector to be more efficient and competitive with countries […]
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Thailand
