The government is gearing up to overhaul its preemployment card program to address findings by the Corruption Eradication Commission (KPK) earlier this month on suspected irregularities in the operation of the program. The committee in charge of the program, whose members include officials of various ministries, has proposed a revision of Presidential Regulation No. 36/2020, […]
Read MoreThe Government is set to review the gross domestic product (GDP) growth target and present the revision to the upcoming session of the National Assembly for discussion, following an economic downturn due to the Covid-19 pandemic. The National Assembly is to open its ninth ordinary session of the 8th legislature in Vientiane tomorrow. A range […]
Read MoreThe Hanoitimes – The fact that the country could realize ADB’s economic forecast is already a no small feat, said the ADB’s country director for Vietnam. Vietnam is predicted to achieve an economic growth rate of 4–4.1% this year, however, there is a possibility that the country may exceed this expectation, according to Country Director of […]
Read MoreThe Bank of Thailand is requiring commercial banks to run a new round of stress tests that takes the pandemic’s impact into account and report the results next month, while strengthening capital buffers will be discussed in case the outcome shows capital adequacy ratios (CAR) are below 11.5%. Given the preemptive measure, banks needs to […]
Read MoreThe Myanmar economy is expected to grow at just 1.8 percent in 2020, according to updated forecasts by the Asian Development Bank (ADB), released June 18. In its initial forecast in April, the ADB had expected GDP growth in Myanmar to be 4.2pc. The country expanded at 6.8pc in 2019. The ADB revised its forecasts […]
Read MoreMANILA, Philippines — Local farmers are calling for a revamp of the country’s rice import system following the undervaluation and misdeclaration of rice shipments worth nearly P1 billion from January to April. The Federation of Free Farmers (FFF) is demanding a thorough review and overhaul of the Bureau of Customs (BOC)’s system for handling rice […]
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