Agent-based payment technology company Payfazz CEO Hendra Kwik said the company’s strategy to have offline agents assess rural small businesses on the ground was the key to better credit scoring and prevent bad loan risks. “One thing that we learn from banks is that they have people on the field to do offline verifications. Our […]
Read MoreKUALA LUMPUR: Targeted assistance will enable banks to assess the unprecedented situation brought about by the Covid-19 pandemic and channel funds to much-needed sectors and aid economic recovery. Various measures, including the Special Relief Facility (SRF) amounting to RM10bil, have been rolled out to provide temporary relief to businesses, Bank Negara deputy governor, Jessica Chew […]
Read MoreMANILA, Philippines — The projected two percent decline in remittances from overseas Filipino workers (OFWs) due to the COVID-19 pandemic may have minimal impact on the economy, according to the Bangko Sentral ng Pilipinas. BSP Governor Benjamin Diok-no said risks to OFW remittances remain on the downside due mainly to the continued large repatriation of […]
Read MoreThe government is temporarily reopening some “local” and “customary” border crossings in a bid to revive the economy and minimise the impacts of the Covid-19 pandemic. The move is part of government efforts to balance the imposition of measures to contain the virus with the easing of restrictions to enable businesses to import and export […]
Read MoreThe National Assembly’s Finance and Budget Committee has agreed not to adjust the minimum wage in 2021 and has warned about the pressure on public debt payment. The committee issued a report on inspecting the state budget implementation in 2020; the state budget estimate and the central budget allocation plan in 2021; and the implementation […]
Read MoreMANILA, Philippines — Borrowings secured by the national government ballooned to P2.56 trillion from January to September as it ramped up its debt issuances and loan availments to fund coronavirus response measures, according to the Bureau of the Treasury (BTr). Based on BTr data, the national government’s gross borrowings from January to September surged by […]
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Thailand
