The Bank of Thailand’s Debt Clinic scheme, which pools unsecured bad loans to turn them into performing loans, is offering a grace period on principal and interest and a two-percentage-point rate cut for six months to ease debtor burden amid the Covid-19 crisis. The six-month period runs from April to September, said assistant governor Thanyanit […]
Read MoreSINGAPORE (THE BUSINESS TIMES) – OCBC Bank has brought Google Pay’s peer-to-peer (P2P) funds transfer service to Singapore, making the Republic the third country where this service is available. Before this, the service was available only in the United States and India. With the new service, OCBC customers can pay directly from their bank accounts to […]
Read MoreDefaults are expected to be highest in the hotel, gaming and leisure sector along with oil and gas. And all of these will affect globally including Cambodia, as now tourism, service, construction start affecting, especially during the COVID-19 pandemic. Moody’s Investors Service raised its default forecast for the end of the year Monday to 10.6 […]
Read MoreThe Hanoitimes – The relief package is estimated to cost VND11 trillion (US$470 million). The government of Vietnam will cut electricity prices by 10% for slect buyers in April, May, and June as part of efforts to ease burden caused to citizens and businesses by the Covid-19 pandemic. The Ministry of Industry and Trade made the […]
Read MoreMANILA, Philippines — Economists are expecting the Bangko Sentral ng Pilipinas (BSP) to hold an emergency meeting to cut interest rates by 50 basis points to cushion the impact of the coronavirus disease 2019 or COVID-19 on the economy. Euben Paracuelles, chief economist for ASEAN at Japanese investment house Nomura, said the central bank’s Monetary […]
Read MoreInvestors have advised start-ups to start cutting their budgets, furloughing some employees and even laying off others to survive the COVID-19 pandemic, which will likely hit the economy hard. According to Dimitra Taslim, an investor at California-based venture capital company GGV Capital, start-ups could begin with slashing perks such as travel allowances and free food while opting for […]
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