The economy is likely to shrink less this year than the record 8.5% projected previously, helped by stimulus measures, the Finance Ministry said on Tuesday, as the government tries to revive a coronavirus-hit economy. The shrinkage could be less than the central bank’s latest projection for a 7.8% contraction, Lavaron Sangsnit, head of the finance […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has approved the guidelines of a new law extending a 60-day grace period for the repayment of all existing loans to ease the burden of consumers and companies severely affected by the COVID-19 pandemic. BSP Governor Benjamin Diokno said the regulator has approved the implementing rules […]
Read MoreKUALA LUMPUR: The total wage subsidy approved to employers under the Wage Subsidy Programme starting April 2020 amounted to RM11.93 billion as at Sept 18, 2020, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz. He said the initial three-month programme (April, May and June), which had been extended for another three months (July, August […]
Read MoreBANK lending in Singapore in August fell for the sixth straight session over the month, preliminary data from the Monetary Authority of Singapore showed on Wednesday. This was largely driven by weaker business lending. Loans through the domestic banking unit – which captures lending in all currencies, but reflects mainly Singapore-dollar lending – stood at […]
Read MoreData from Cambodia’s custom and excise department shows that from January to August this year, the total number of containers arriving and leaving the Sihanoukville Special Economic Zone (SSEZ) increased by 22.1% compared with the same period last year. The total import and export volume reached US$951 million, an increase of 26.13% compared with US$754 […]
Read MoreAs many companies cope with debts caused by the economic fallout due to the pandemic, they are unable to take loans for maintaining or expanding their business lines. In this scenario, in which banks see themselves confronted with excess capital, Dr. Vu Dinh Anh from the Ministry of Finance’s Price Market Research Institute warns about […]
Read More
Thailand
