MANILA, Philippines — Money supply grew at a fastest pace in almost six years in May as measures to soften the impact of the COVID-19 pandemic released more cash into the financial system, according to the Bangko Sentral ng Pilipinas (BSP). BSP Governor Benjamin Diokno said domestic liquidity grew faster at 16.6 percent to P13.68 […]
Read MoreNational flag carrier Garuda Indonesia plans to open direct flights to Denpasar, Bali, from the United States, France and India in an attempt to boost the country’s tourism that has been battered by the pandemic. The direct flights will connect Bali with American cities like Los Angeles and San Francisco and Indian cities like Mumbai and […]
Read MoreThai shippers have downgraded the country’s export outlook to a 10% contraction, deeper than the previous forecast of an 8% drop, with the finger pointed at the coronavirus crisis and the strong baht. Ghanyapad Tantipipatpong, chairwoman of the Thai National Shippers’ Council, said weakening purchasing power and the ailing economies of key trading partners were […]
Read MoreAsian equities could benefit from a return of foreign fund inflows, but the stock market remains volatile depending on the economic recovery and the pandemic situation, says Principal Asset Management. Chief investment officer Win Promphaet said foreign capital inflows will return through exchange-traded funds (ETFs) investing in Chinese and other Asian equities. Foreign inflows were […]
Read MoreSince Siem Reap province publicised “its reopening” last month, the Ministry of Tourism has announced new safety guidelines and codes of conduct for tourism businesses to prevent the spread of COVID-19 and attract domestic tourists. Khmer Times visited the famous temple town this week to report from the ground the current state of the once-tourism hotspot […]
Read MoreThe Excise Department’s sales tax cut is expected to cost the government less than 1 billion baht in forgone revenue, says the department’s chief. The lost revenue is insignificant because some of the relevant items already imposed taxes at low rates and others have seen the deadline for lowered tax extended, said director-general Patchara Anuntasilpa. […]
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