MANILA, Philippines — As expected, the Bangko Sentral ng Pilipinas (BSP) yesterday delivered a deeper interest rate cut of 50 basis points to soften the impact of the coronavirus disease 2019 or COVID-19 outbreak on the economy. BSP Governor Benjamin Diokno said the Monetary Board decided to implement a larger-than-expected cut in its benchmark interest […]
Read MoreCITI Research economists have slashed their 2020 economic growth forecast for Asean to 2.9 per cent, down from a January prediction of 4.3 per cent, as the Covid-19 outbreak reaches an “inflection point” in South-east Asia. This reflects further extended drag on tourism; weaker domestic demand from both social distancing measures and the “fear factor”; transitory supply […]
Read MoreBusinesses in Myanmar’s commercial capital have begun to ask employees to work from home in order to reduce the risks of virus infections. Several companies and banks in Yangon have started to telecommute its employees in the face of the novel coronavirus. Corporate executives have said that some telecom operators and banks have started testing […]
Read MoreThe Hanoitimes – A total of 15 securities services are set to become free or cheaper to support the stock market. The Ministry of Finance on March 18 enacted Circular No.144 making six securities services free of charge and lowering the fees for nine others in a move to help stock investors overcome impacts of the […]
Read MoreThe Ministry of Health has stated that Laos is to import face masks from neighboring countries, including Vietnam, China, and Thailand amid a national shortage. Two million face masks will be imported to Laos very soon, according to Lao Minister of Health, Dr. Bounkong Syhavong, as quoted by the Vientiane Times. Masks will be distributed […]
Read MoreMALAYSIA unexpectedly eased its reserve ratio as part of moves to release RM30 billion (S$9.9 billion) of liquidity into the banking system as the economy struggles through a lockdown to contain the novel coronavirus pandemic. Bank Negara Malaysia cut the statutory reserve requirement ratio by 100 basis points to 2 per cent, effective Friday. It […]
Read More
Thailand
