MANILA: A joint Philippine congressional committee has approved a stimulus package worth up to 165 billion pesos (US$3.39bil) to aid the economy’s recovery from the novel coronavirus pandemic. The package is worth 140 billion pesos, with an additional 25 billion pesos in standby appropriations, Senator Sonny Angara told reporters. It includes funds for coronavirus isolation […]
Read MoreEnergy Minister Supattanapong Panmeechaow vows to revive the economy using energy projects, with the Energy for All scheme at the top of the list for quick remedies. Critics want the government to delay Energy for All because of the huge surplus of the country’s power generation capacity in reserve, but Mr Supattanapong said yesterday that […]
Read MoreCommerce Minister Jurin Laksanawisit vows to play a key part in developing local economies through online shopping and interprovincial trade fairs to boost incomes. Speaking at the 100th anniversary of the Commerce Ministry, Mr Jurin said yesterday that the ministry needs a big adjustment to cope with the ongoing crisis. “Provincial commerce officers must function […]
Read MoreMANILA, Philippines — The central bank is allowing banks to lend more funds to the property sector, another step meant to give banks more firepower to lend, this time to one of the Philippines’ booming sectors, but seen unlikely to spur demand for loans. In a Viber message to reporters on Thursday, Benjamin Diokno, governor […]
Read MoreThe Hanoitimes – The central bank suggested the move is necessary to ensure efficiency of existing preferential rates policy for customers amid the Covid-19 pandemic. The State Bank of Vietnam (SBV), the country’ s central bank, has delayed the roadmap for reducing the ratio of short-term capital for medium- and long-term loans at banks for one […]
Read MoreDomestic car sales shrank for a 14th straight month in July, dropping 24.8% from a year earlier to 59,335 vehicles as the coronavirus outbreak crushed demand, the Federation of Thai Industries said on Thursday. But sales rose 2.28% from June, helped by easing virus restrictions and Bangkok’s international motor show, the FTI said. In June, […]
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