MANILA, Philippines — The Philippines is facing more downgrades from international credit rating agencies in the coming months as the economic fallout from the coronavirus disease 2019 or COVID-19 pandemic is likely to be felt in the coming years. Euben Paracuelles, economist at Nomura, said S&P Global Ratings is likely to revise its credit outlook […]
Read MoreThe construction of the new tourism port in Kampot province is more than 30 percent complete and is expected to be finished by the middle of the year, according to the Kampot provincial tourism department. The project is supported by the Asian Development Bank (ADB). ADB approved an $8 million loan for the port project […]
Read MoreIndonesian rating agency Pemeringkat Efek Indonesia (Pefindo) has revised the outlooks of several financial institutions and downgraded the rating of asset-backed securities amid concerns over the impact of COVID-19 on the institutions’ performances. Between April 1 and May 5, the rating agency revised the outlooks of Mandala Finance, Bank Capital, Bank Victoria and Trimegah Sekuritas […]
Read More[SINGAPORE] A new mobile commerce solution will help more than 2,000 small and medium-sized enterprises (SMEs) set up their own virtual store and have access to a wide network of customers. The initiative, which aims to help SMEs such as heartland merchants deal with challenges in the retail landscape amid the Covid-19 pandemic, was announced […]
Read MoreVietnam is easing social distancing restrictions, seeking ways to live safely with the epidemic, and beginning to restore production and business to revive economic growth. The government, agencies, and localities are cautiously gearing up measures to help businesses overcome problems caused by the COVID-19 epidemic as the whole country is adapting to a new “normal”. […]
Read MoreMANILA: The Philippines is looking to import another 300,000 tonnes of rice to boost state stockpiles while battling the coronavirus pandemic, ahead of a lean third-quarter harvest, a senior official said on Monday. A government-to-government deal of this volume would raise Philippine rice imports so far this year to a record 3 million tonnes. Agriculture […]
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