MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) plans to deploy in July a more forward-looking compliance rating system in assessing the compliance of banks and other financial institutions in mitigating business risk. The BSP is reassessing the timeline for the implementation of the Supervisory Assessment Framework (SAFr) amid the impact of the coronavirus […]
Read MoreThe Bank of Thailand said it’s concerned about a recent rapid appreciation in the currency and added it’s ready to take steps to curb a climb that could imperil an already fragile economy. The baht’s near 2% rise against the dollar in the past month is among the steepest in Asia, aided by dwindling Thai […]
Read MoreThe Foreign Ministry has informed Thailand’s foreign chambers of commerce that foreigners who have work permits or permission from Thai government agencies will soon be allowed to enter the kingdom. Currently, Thai nationals who wish to return to the country are being accommodated while some particular groups of foreigners such as diplomats or humanitarian workers […]
Read MoreKUALA LUMPUR, May 29 — The Department of Statistics Malaysia (DOSM) has predicted that the country is heading into an economic recession in the next four to six months. In the Malaysian Economic Statistics Review (MESR), chief statistician Datuk Seri Mohd Uzir Mahidin said that their prediction was based on the latest leading Indicators and […]
Read MoreVietnam will allow the import of live pigs for the first time in a bid to counter the skyrocketing live hog prices in the domestic market, said an agricultural official. Deputy Minister of Agriculture and Rural Development Phung Duc Tien noted the import will be under tight monitoring to prevent negative impacts on the local […]
Read MoreMANILA, Philippines — The World Bank has approved a fresh $500-million loan to the Philippines to help the country fund its social assistance and wage subsidy programs for small and medium enterprises amid the coronavirus pandemic. The Philippines Emergency COVID-19 Response Development Policy Loan will support the social amelioration program for 18 million low-income families […]
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