The Bank of Thailand (BOT) wants commercial banks to respond to its relief measure by cutting their customer fees and easing loan conditions. The central bank is monitoring how banks respond after it allowed them to reduce their contribution to the Financial Institutions Development Fund (FIDF), said Ronadol Numnonda, deputy governor at the Bank of […]
Read MoreThe Cambodia frozen food market is forecasted to reach USD 119.56 million by 2024 growing at a CAGR of 3.9% during the forecast period (2019 – 2024). High influence of Western food and increasing tourism are the prime factors for the growth of the market studied. Recently, the Cambodian population have adopted the trend of […]
Read MoreThe State-Owned Enterprises (SOE) Ministry is limiting the number of expert staff members allowed on each SOEs’ board of directors after finding that some staffers were paid hundreds of millions of rupiah every month. “We found that several SOEs are employing 11 to 12 expert staffers or advisors [as directors]. Some are receiving a monthly […]
Read MoreSINGAPORE: Private-sector economists have lowered their 2020 forecast for Singapore’s economy but they turned more bullish over the strength of a recovery next year and suggest the worst of the coronavirus-induced contraction came in the second quarter. The economy may shrink by 6% this year, according to a quarterly survey of 26 economists and analysts […]
Read MoreThe Hanoitimes – Only 2% of enterprises in Vietnam are immune from the pandemic. Around 47% of 400 enterprises in Vietnam surveyed by the Private Economic Development Research Board (Board IV) in mid-August said they were forced to lay off workers during the Covid-19 resurgence in Danang and other localities in late July. Notably, 33% of […]
Read MoreMANILA, Philippines — Local manufacturing activity is expected to pick up in the coming months on the back of record low interest rates, as well as higher infrastructure spending, according to Rizal Commercial Banking Corp. (RCBC). Michael Ricafort, chief economist at RCBC, said the record low interest rates would support greater demand for loans and […]
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Thailand
