In anticipation of higher loan defaults MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has ordered banks to conduct a comprehensive assessment of the impact of the COVID-19 pandemic on the industry’s loan portfolio in anticipation of higher defaults. BSP Deputy Governor Chuchi Fonacier said BSP-supervised financial institutions should be able to distinguish borrowers […]
Read MoreThe Bank of Thailand is expected to hold its key interest rate steady on Wednesday and preserve its limited ammunition for later, even as the coronavirus pandemic pushes the economy towards its worst annual performance ever. All but two of 26 economists in a Bloomberg survey expect the central bank to keep its key rate […]
Read MoreThe EU-Vietnam Free Trade Agreement (EVFTA), which came into force on August 1, is hoped to create a driving force to help Vietnam reap further achievements in poverty reduction and economic growth. A World Bank study said the EVFTA will help an additional 0.1 – 0.8 million people escape poverty by 2030, equivalent to a […]
Read MoreThe Centre for Covid-19 Situation Administration (CCSA) will next week consider a further easing of the ban on foreign visitors entering Thailand, Prime Minister Prayut Chan-o-cha said on Tuesday. Speaking after a cabinet meeting on Tuesday, Gen Prayut, who chairs the CCSA, said that the cabinet discussed the possibility of further relaxation to allow foreign […]
Read MoreAn online platform to help business players resolve cross-border trade issues in the Southeast Asia region has been met with a cold shoulder by the region’s economic community, a European Union (EU)-backed facility has shown. In support of the ASEAN regional integration, the EU has helped establish the trade solution platform, dubbed the ASEAN Solutions […]
Read MoreThe Eastern Economic Corridor Office is set to offer privileges directly to investors in special economic zones in the three provinces of the EEC. Kanit Sangsubhan, secretary-general of the EEC Office, said Section 59 of the EEC Act lets the EEC Policy Committee offer privileges equal to those awarded by the Board of Investment (BoI). […]
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