Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) is urging the government to extend its economic stimulus campaigns for 3-6 months to continue ongoing efforts to boost spending. The call is being made as the economy has not fully recovered in the wake of the pandemic. The JSCCIB says the country still needs fiscal-monetary […]
Read MoreMANILA, Philippines — Credit rating agency Moody’s Investors Service has downgraded its outlook on Rizal Commercial Banking Corp. (RCBC) and Philippine National Bank (PNB) to negative as the coronavirus pandemic has heightened asset risks, putting pressure on the profitability of these banks. Nevertheless, Moody’s said both banks have strong capital, prompting the debt watcher to […]
Read MoreThe Hanoitimes – Minister of Planning and Investment Nguyen Chi Dung outlined five major solutions for Vietnam to realize its socio-economic development goals in 2020. Vietnam should prepare methods to resume trade and investment activities with countries having Covid-19 vaccines, while pushing for international cooperation in vaccine distribution to high risk areas. This is among solutions […]
Read MoreKUALA LUMPUR: Bank Negara has elaborated on the new and enhanced financing facilities for small and medium enterprises (SMEs), namely the Targeted Relief and Recovery Facility (TRRF) and the Micro Enterprises Facility (MEF), as announced in Budget 2021. In a statement, the central bank said under the TRRF, eligible SMEs which have been adversely affected by […]
Read MoreThe tourism industry, which accounts for 12% of Thailand’s GDP, is expected to take at least four years to recover to the pre-pandemic levels, says the Finance Ministry. While several financial authorities and think tanks project Thailand’s economy will fully recover over the next two years, the recovery of the domestic tourism sector is anticipated […]
Read MoreMANILA, Philippines — The government has launched its second dollar global bond sale this year as it aims to raise more funds to address the economic impact of the coronavirus pandemic. The issuance, which has a dual tenor of 10.5 years and 25 years, comes on the heels of the country’s dollar bond offering in […]
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