MANILA, Philippines — The Department of Budget and Management (DBM) has revised upward the proposed budget for 2021 to provide the government more funds to address the socioeconomic impact of the COVID-19 pandemic. In a text message, Budget Assistant Secretary Rolando Toledo said the proposed 2021 budget is raised to P4.506 trillion, 9.9 percent higher […]
Read MoreRubber producers reported poor second-quarter business results due to decreasing rubber prices, eyeing industrial zone development. Since the beginning of this year to mid-April, natural rubber prices have dropped sharply, then maintained at low price areas so far. In the second quarter of 2020, the price of world natural rubber on the Tokyo Commodities Exchange […]
Read MoreThe price index for condos in Greater Bangkok in the second quarter plunged for a second consecutive quarter as developers competed by offering massive discounts, says the Real Estate Information Center (REIC). Vichai Viratkapan, the centre’s acting director-general, said developers cut sales prices of condos to attract buyers, with purchasing power weakened by the outbreak. […]
Read MoreMINISTER of Economy and Finance Aun Pornmoniroth approved in principle the concept of strategic framework for establishing the Credit Guarantee Corp Cambodia, according to a statement from the Ministry of Economy and Finance (MEF). MEF’s statement read that the initiative of the establishing corporation is to align with the government’s response mechanism for the fourth-round […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has approved the exclusion of debt securities held by market makers from the credit exposure limit to a single borrower as part of measures to maintain confidence and liquidity in the financial markets amid the global health crisis. BSP Governor Benjamin Diokno has issued a circular […]
Read MoreSINGAPORE (THE BUSINESS TIMES) – Rents of office space in the central region of Singapore remained unchanged in the second quarter of 2020 over the previous three months. This compares with a 0.8 per cent drop in the first quarter of this year. Figures released by the Urban Redevelopment Authority (URA) on Friday (July 24) […]
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