A $100 million small and medium enterprise co-financing scheme (SCFS) fund was fully subscribed by mid-October 2020, according to a senior executive of SME Bank of Cambodia. The capital of the SME (SCFS) amounted to $100 million. It was launched on April 1, 2020, and jointly funded by the SME Bank of Cambodia and participating […]
Read MorePETALING JAYA: The worsening Covid-19 situation that has triggered a second round of movement control order (MCO) in Malaysia has once again cast the spotlight on unemployment. Businesses are staring at a road full of uncertainties ahead even with the hint of vaccine optimism and as it is, unemployment in 2021 remains jittery. Many are […]
Read MoreSET-listed developer Land & Houses Plc (LH) scaled down its residential launches this year to 12 projects, down 25% from last year, worth a combined 20.7 billion baht. Managing director Adisorn Thananan-narapool said the company expects to have 28 billion baht in presales and 30 billion in revenue from residential sales by the end of […]
Read MoreMANILA, Philippines — The country’s fiscal deficit ballooned to 7.5 percent of gross domestic product in 2020, but settled slightly lower than the government’s forecast as both revenues and expenditures went below their revised targets, according to the Department of Finance (DOF). In a presentation before the Management Association of the Philippines (MAP), Finance Secretary […]
Read MoreHANOI — The Vietnam Bank for Social Policies (VBSP) has allocated VND31.6 billion (US$1.36 million) to 207 enterprises to pay the wages of 8,529 labourers who lost their jobs due to impact of the COVID-19 pandemic. According to the bank, it has extended payment dates and adjusted the lending terms for 242,700 existing customers, while giving […]
Read MoreKUALA LUMPUR: HSBC Group has projected Malaysia’s gross domestic product (GDP) growth for 2021 at 6.7% compared with an estimated 5.4% contraction last year. Asian economics research co-head Frederic Neumann said the Movement Control Order (MCO) 2.0 currently in place was expected to pose economic challenges at the beginning of the year. “But we are […]
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Thailand
