phil03
Read More

Philippines: BOI to review CARS proposal

MANILA, Philippines — The Board of Investments (BOI) is willing to study proposed revisions to the Comprehensive Automotive Resurgence Strategy (CARS) on production targets and timeline to meet the volume requirements under the program as the COVID-19 outbreak has slowed the demand for new vehicles. Trade Undersecretary and BOI managing head Ceferino Rodolfo told reporters […]

Read More
th03
Read More

Thailand: Centre of attention

Another government-backed centre has been established for the purpose of managing an economy rattled by the pandemic crisis, with redundancy and business interest as the core qualms expressed over the move. The cabinet on Aug 23 gave the green light to establish a centre to handle the country’s economic rehabilitation from the coronavirus crisis. The […]

Read More
phil02
Read More

Philippines: BSP eyes cap on credit card loan rates

MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) plans to put a cap on the finance charges imposed by banks and financial institutions on credit card loans to help ease the burden of consumers amid the  COVID-19 pandemic. In a draft circular forwarded to major stakeholders for comment, the BSP is looking at imposing […]

Read More