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Philippines: BOP surplus hits record-high $16 billion

MANILA, Philippines — The country’s surplus of dollars more than doubled to an all-time high of $16.02 billion last year on the back of higher foreign borrowings by the national government to cushion the impact of the global health crisis, the Bangko Sentral ng Pilipinas (BSP) said. BSP Governor Benjamin Diokno said the balance of […]

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Malaysia can achieve GDP growth target

   PETALING JAYA: Malaysia is still on track to achieve its gross domestic product (GDP) growth target of between 6.5% and 7.5% for 2021 despite a further extension of the movement control order (MCO 2.0), as the various stimulus packages and impending vaccine rollout will help steer the country towards recovery. Finance Minister Tengku Datuk […]

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Thailand: Soft loans tweaked for SME access

The Finance Ministry is preparing to amend the soft loan decree to allow greater low-interest loan access for small and medium-sized enterprises (SMEs). The ministry and the Bank of Thailand have agreed in principle to amend the decree, but a proposal has to be submitted to the parliament’s commission committee before any amendment can be […]

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