THE General Insurance Association of Singapore (GIA) and the Life Insurance Association, Singapore (LIA Singapore) on Friday announced the extension of relief measures that would give policyholders more time to pay premiums while maintaining their coverage. The extensions come amid a soft labour market and weak economy as a result of the Covid-19 pandemic. LIA […]
Read MoreTHE second stimulus package in the Philippines strengthens the government’s Covid-19 efforts, but has limited implications for the country’s economic outlook, said economists. Following an earlier 275 billion peso (S$7.72 billion) package, the second package is worth 140 billion pesos, with standby approval for another 25.5 billion pesos for vaccine procurement and additional capitalization of […]
Read MoreThe Tourism Ministry has pledged to bring the first batch of international tourists to Thailand by October, with Bangkok as the primary destination, and it wants tourism operators to gear up marketing plans right away. “Tour operators can start promoting long-stay packages via the special tourist visa (STV) to potential customers now, while tourists can […]
Read MoreMANILA, Philippines — Consumer loans posted their first ever quarterly decline in June despite record-low borrowing costs, adding concerns to a government counting on banks to rescue the economy from a pandemic-induced recession and stimulate spending. Latest data from the Bangko Sentral ng Pilipinas (BSP) showed loans extended to households declining to P2 trillion as […]
Read MoreGrab and MoMo are veterans in their core business fields, but they are the newcomers in the e-commerce market. The e-commerce field in Vietnam is expected to become busier in the time to come with the presence of Grab, a ride-hailing app, and MoMo, an e-wallet. Grab began earlier, and it is already seeing an […]
Read MoreBank Indonesia (BI) has decided to leave its interest rate unchanged to safeguard financial market stability as the current coronavirus-induced economic downturn and concerns over the central bank’s independence weigh on the currency. The benchmark seven-day reverse repo rate will remain at 4 percent, while deposit facility and lending facility rates were also kept at […]
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