MANILA, Philippines — The World Bank said it is committed to supporting the digital transformation of the Philippines, but underscored the need for reforms particularly in the investment environment. “The World Bank is committed to supporting the Philippines in its digital economy agenda. Reforms that will enable digital transformation across the government and the private […]
Read MoreThe central bank will introduce new rules on the rate of penalty imposed on loan defaulters in a bid to ease borrowers’ burdens and motivate them to repay their debts, a Bank of Thailand (BOT) executive said on Tuesday. Thanyanit Niyomkarn, assistant BOT governor, said the central bank will let financial institutions charge no more […]
Read MorePETALING JAYA: Malaysia’s debt levels are expected to rise this year at a fiscal deficit of an estimated 5.8% to 6%, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz. In an interview with CNBC yesterday, Zafrul noted that fiscal injections into the economy stand at around 20% of its gross domestic product (GDP) at […]
Read MoreThe Hanoitimes – Vietnam’s inflation is set to remain below the government’s 4% threshold for most of the year with its average forecast at 3.5%. This should see the central bank keep lending conditions accommodative into 2021. Vietnam’s inflationary pressures are predicted to remain weak in the 2020 – 2021 period, despite aggressive monetary easing by […]
Read MoreSINGAPORE: Singapore banks will extend debt relief for individuals and small-to-midsized businesses beyond the end of the year to support borrowers hardest hit by the coronavirus pandemic. The measures, set to expire on Dec 31, will now progressively end over 2021, the Monetary Authority of Singapore (MAS) said in a statement. The extended programme will […]
Read MoreThe consumer price index (CPI), a gauge of headline inflation, fell for the seventh straight month in September, primarily driven by a decrease in energy prices, especially retail gasoline and electricity bills. Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office, said key contributing factors to the September figure included a price fall in […]
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