MANILA, Philippines — The World Bank and the International Monetary Fund (IMF) have been urged to look into challenges faced by middle-income countries in debt repayment and come up with solutions to alleviate debt stress as they cope with economic fallout from the new coronavirus pandemic. This was contained in the communiqué of the Joint […]
Read MoreAs more people worry about catching coronavirus from touching cash and credit-card terminals, a onetime niche technology is roaring into the mainstream. Use of contactless mobile payments — services that once struggled to catch on in the U.S. — is surging as people come to see their phones as the safer way to pay. They’re […]
Read MoreThe number of people claiming unemployment benefits has almost doubled to 700,000 people from December last year, with 140,000 registering in March alone. Thousands of workers have lost their jobs following some factory closures amid the Covid-19 outbreak, according to the Department of Labour Protection and Welfare (DLPW). Apinya Sujarittanan, director-general of the department, on […]
Read MoreS&P Global Ratings’ downgrade of Indonesia’s outlook is not a reflection of fundamental economic problems, central bank Governor Perry Warjiyo said, stating that policy steps taken in response to the coronavirus pandemic will help to restore the nation’s financial trajectory. The comments from the Bank Indonesia chief come after S&P cut its outlook for the […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has slashed its rediscount rate by 50 basis points to allow more banks to tap the facility to meet their temporary liquidity needs amid the coronavirus disease 2019 (COVID-19) pandemic. The applicable rediscount rate for loans under the peso rediscount facility was lowered to 3.25 percent […]
Read MoreThe Commerce Ministry yesterday introduced Thong Fah low-priced mobile fruit stores in pickup trucks, the latest move to dispose of abundant fruit during the harvest season. Commerce Minister Jurin Laksanawisit said the mobile fruit store initiative, in partnership with Talaad Thai market, is starting with 350 participating mobile stores that will peddle fruit along sois […]
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Thailand
