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IMF slashes Philippines growth outlook to 0.6% this year

MANILA, Philippines — The International Monetary Fund (IMF) has lowered its economic growth forecast for the Philippines for this year, amid  the coronavirus disease 2019 or COVID-19 pandemic. Based on the latest World Economic Outlook (WEO), the multilateral lending institution lowered its gross domestic product (GDP) growth forecast for the Philippines to 0.6 percent from […]

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Indonesia: Govt partners with food, ride-hailing companies to guarantee food supplies during outbreak

The Agriculture Ministry is partnering with food producer PT Indoguna Utama and ride-hailing company Grab Indonesia, among other businesses, to secure supplies and offer them an online grocery platform. The partnership is part of the government’s anticipatory efforts to meet surging demand, especially for beef and chicken meat during Ramadan and on Idul Fitri. Both […]

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US and Vietnam sign agreement to strengthen Vietnam’s economic competitiveness

The Hanoitimes – The agreement will facilitate small businesses’ access to competitiveness-enhancing technology, business management skills, and capital, The United States Agency for International Development (USAID) and Vietnam’s Ministry of Planning and Investment (MPI) on Wednesday virtually signed a US$42 million agreement to advance Vietnam’s economic competitiveness, through strengthening private sector competitiveness, innovation and startup ecosystems, […]

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Vietnam gov’t to look into Mobile Money project this month

The Hanoitimes – The banking authority has worked with relevant ministries and branches in launching direct carrier billing service. The State Bank of Vietnam (SBV), the country’s central bank, will submit the Mobile Money project to the government by the end of this month after completing the pilot scheme allowing online purchases with mobile devices. In […]

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