The government is set to roll out the second phase of the One Million Houses low-cost housing scheme worth 30-50 billion baht with a fixed rate of 2% for 10 years to help low-income earners buy a home and stimulate the domestic property sector. Chatchai Sirilai, president of state-owned GH Bank, said the second phase […]
Read MoreHeadline consumer price inflation (CPI) in December 2020 decelerated, resulting in a more stable riel and increasing local purchasing power, the National Bank of Cambodia (NBC) reported in its report on December’s economic and monetary statistics. The central bank said that December’s CPI eased to 2.9 percent year-on-year because of the drop in oil prices […]
Read MoreDespite passage of key laws MANILA, Philippines — More foreign portfolio investments or speculative funds left the Philippines in February despite the passage of key laws to attract more investors amid the ongoing global health crisis, according to the Bangko Sentral ng Pilipinas (BSP). Data released by the central bank showed foreign portfolio investment yielded […]
Read MorePETALING JAYA: The country’s household debt levels remain elevated as at end-2020, with the lower-income population continuing to be financially stretched amid the weakness in economic conditions. In its Financial Stability Review for the second half of 2020, Bank Negara said borrowers earning less than RM3,000 monthly faced low financial buffers and substantially higher leverage. […]
Read MoreUnder-the-table payments, often required in administrative procedure categories and enforcement stages, has been compared to a “leech” that persistently causes pain to businesses and the public. The Prime Minister’s Administrative Procedure Reform Advisory Council mentioned the issue in its 2020 APCI (Administrative Procedures Compliance Costs Index) report. The report shows that unofficial expenses are required […]
Read MoreHalf of all micro and small businesses (MSBs) in Indonesia are either owned by women, or women play a key role in operating them. Including small shop owners, street food vendors and the like, these businesses make up the backbone of the Indonesian economy. The ills of the pandemic, however, have led to declining incomes […]
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Thailand
