The Hanoitimes – These actions stem from the sharply lower – albeit positive – growth that Vietnam faces from the Covid-19 pandemic. Fitch Ratings has revised the outlook on the Long-Term Issuer Default Ratings (IDRs) of two state-owned banks and a wholly foreign-owned bank in Vietnam to Stable from Positive, and the outlooks for two joint […]
Read MoreKUALA LUMPUR, April 17 —Complaints of husbands and ex-husbands not paying their wives or ex-wives alimony have increased during the movement control order (MCO) period compared to before this. Malaysian Syariah Judiciary Department (JKSM) director-general and shariah chief judge Datuk Mohd Na’im Mokhtar said previously, the department only received about five complaints a month through […]
Read MoreMANILA, Philippines — Economists expect remittances from overseas Filipino workers (OFWs) contracting this year due to displacements resulting from travel restrictions brought about by the spread of the coronavirus disease 2019 or COVID-19. Sanjay Mathur, chief economist for Southeast Asia and India at ANZ Research, said remittances are likely to take a hit this year […]
Read MoreIndonesia’s state budget deficit fell to Rp 76.4 trillion (US$4.94 billion) in the first quarter of 2020 as revenue grew significantly from a year earlier while spending growth slowed, Finance Ministry data show. The deficit amounts to 0.45 percent of the country’s gross domestic product (GDP). State revenue at the end of March was up 7.7 percent […]
Read MoreThe Bank of Thailand’s mechanism to inject liquidity to help stabilise the debenture market has yet again been met with criticism from one of the central bank’s alumni, with the main objection centring on the move’s failure to effectively address the problem’s root causes. Amid risks that many corporations will experience a liquidity shortage, the […]
Read MoreThe number of business registrations for the first three months of the year have plunged dramatically compared with the same period last year. From January to March 2020, Cambodian-registered businesses to around 2,868 companies and enterprises, dropped about 27.7 percent compared with 3,968 companies and enterprises in the same period in 2019, according to the […]
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