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Banks to play key role in Philippines recovery

MANILA, Philippines — Local banks are expected to play a key role in the country’s post-coronavirus recovery process, according to the Bangko Sentral ng Pilipinas. “Moving forward, Philippine banks will play a pivotal role in the post-coronavirus recovery process, and Congress should be cautious not to unduly weaken them,” BSP Governor Benjamin Diokno said. Diokno […]

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Thailand: Recovery stimulus coming together

The Finance Ministry is gearing up to launch both financial and non-financial measures aimed at revitalising the economy once the pandemic is under control. The stimulus package prioritises job creation in the local economy, said Finance Minister Uttama Savanayana. The measures call for specialised financial institutions including Government Savings Bank, the Bank for Agriculture and […]

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Cambodian traders rally amplify border opening

About 1,000 Cambodian traders have assembled at the Thai-Cambodian checkpoint in Ban Khlong Luek to protest against the prolonged border closure, yesterday. It was reported that the traders organised on the Cambodia side of the border and voiced their demand for the checkpoint to re-open so they could enter Thailand to trade at the Rong […]

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