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Thailand: TBA mulls debt restructuring

The Thai Bankers’ Association (TBA) is considering extending debt restructuring measures as the domestic economic recovery should take a couple of years. The banking industry has been focusing on helping customers ease their burden via several methods of debt restructuring. Under the Bank of Thailand’s debt restructuring scheme, this allows debtors to suspend principal and […]

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Philippines secures fresh $500 million ADB loan for 4Ps

MANILA, Philippines — The Asian Development Bank (ADB) has approved a $500 million loan to expand its support for the Philippine government’s conditional cash transfer program. The Manila-based multilateral bank said the Expanded Social Assistance Project would help families sustain health and educational gains for their children achieved under the country’s Pantawid Pamilyang Pilipino Program […]

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Cambodia: Business says new rules akin to a travel ban

Local businesses have reacted with confusion over the new “expensive and strict” fixed-price quarantine requirements, announced by the Ministry of Economy and Finance this week. New requirements will force all newly arrived foreigners to pay a set fee for their COVID-19 lab tests, quarantine, treatment services and cremation (if they die as a result of […]

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