SINGAPORE – Without the support of residents, many of Singapore’s favourite eateries, shops and leisure activities may not survive the coming months. This appeal is the basis of a $45 million campaign to drive local spending as the Republic gradually reopens its economy amid a pandemic, recession and tourist drought. In store are packages and […]
Read MoreThe number of consumer loans has been increasing rapidly, but the legal framework to control the activities is not strong. To eliminate ‘black credit’, experts are urged to set up policies to encourage the establishment of finance companies which allow more clients to access consumer loans. The State Bank of Vietnam (SBV) also encourages credit […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has extended the effectivity of higher single borrower’s limit (SBL) of 30 percent and other regulatory relief measures for banks until end- March next year amid the economic fallout from the global health crisis. BSP Deputy Governor Chuchi Fonacier said the BSP has approved the effectivity […]
Read MoreMyanmar’s economy is likely to suffer a blow from a sudden economic slowdown and its subsequent lower FDI, according to the report on the impact of the COVID-19 on Myanmar’s export published by Myantrade. Domestic consumption, the main driver of Myanmar economic growth, will weaken as a result of reduced household spending caused by increased […]
Read MoreThailand risks dropping to No.5 in rice exports over the next decade if the country remains complacent and does not develop a long-term rice strategy for seeds and competitiveness, warns the Thai Rice Exporters Association. Charoen Laothammatas, the association’s president, said on Wednesday Thailand is expected to see a continuous drop in exports as the country’s […]
Read MoreThailand and Taiwan may be added to the US watchlist for currency manipulation after meeting all of the criteria set out by the Treasury Department, according to UBS Group. A country is included in the monitoring list if it fulfills two of three benchmarks: a trade surplus with the United States of at least US$20 […]
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