MANILA, Philippines — The central bank is allowing banks to lend more funds to the property sector, another step meant to give banks more firepower to lend, this time to one of the Philippines’ booming sectors, but seen unlikely to spur demand for loans. In a Viber message to reporters on Thursday, Benjamin Diokno, governor […]
Read MoreThe Hanoitimes – The central bank suggested the move is necessary to ensure efficiency of existing preferential rates policy for customers amid the Covid-19 pandemic. The State Bank of Vietnam (SBV), the country’ s central bank, has delayed the roadmap for reducing the ratio of short-term capital for medium- and long-term loans at banks for one […]
Read MoreDomestic car sales shrank for a 14th straight month in July, dropping 24.8% from a year earlier to 59,335 vehicles as the coronavirus outbreak crushed demand, the Federation of Thai Industries said on Thursday. But sales rose 2.28% from June, helped by easing virus restrictions and Bangkok’s international motor show, the FTI said. In June, […]
Read MoreKUALA LUMPUR, Aug 20 ― DAP secretary-general Lim Guan Eng has said Putrajaya should not penny-pinch when it comes to injecting more money into the economy to help those affected by the Covid-19 pandemic. He urged the government to consider another round of economic stimulus worth at least RM45 billion to prevent the country from […]
Read MoreMANILA, Philippines — Banks survived the first two weeks of broad lockdowns last March with larger deposits, reinforcing their lending strength, but one that was likely since reversed with stay-at-home consumers dipping into their savings. Total bank deposits stood at P13.89 trillion as of the first quarter, up 1.8% from P13.64 trillion recorded in previous […]
Read MoreThe Hanoitimes – An expansionary and flexible fiscal policy would help stimulate aggregate demand, create jobs and boost economic growth, stated Prime Minister Nguyen Xuan Phuc. In case the Covid-19 pandemic lasts for a longer period, the Vietnamese government should consider extending supporting programs, including waiving, freezing and delaying of taxes and fees payment until 2021 […]
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