Cambodia’s recovery from the economic impact of the Coronavirus pandemic may hurt the country’s banking sector if its pace is uneven, say experts. In a report on the risks to emerging market (EM) banks worldwide, Moody’s Investors Service said there are a number of risks to EM banks if the bounce back is a bumpy […]
Read MoreRestaurant operators yesterday submitted a petition to the government calling for loan support worth 30 billion baht with a 100% debt guarantee coverage from state-owned Thai Credit Guarantee Corporation (TCG). Thai Restaurant Association president Taniwan Koonmongkon, who submitted a petition yesterday to the government via National Economic and Social Development Council secretary-general Danucha Pichayanan, said […]
Read MoreThe Phuket sandbox scheme is still fixing inconvenient regulations, particularly regarding digital competency, in the buildup to its planned reopening on July 1. However, important short-haul markets are likely to be absent in the early months of the scheme. Rules regarding verification and tracking systems still pose a challenge, including redundant apps as Thailand is […]
Read MoreKUALA LUMPUR: The Statistics Department anticipates a favourable economic performance, based on the positive April leading index (LI), but the strength of the recovery will hinge on the impact and extent of the Covid-19 pandemic. Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said the LI in April registered double-digit growth of 15.7%, nudging the […]
Read MoreMANILA, Philippines — The Philippines on Friday secured a $400-million (P19.5 billion) loan from the World Bank to fund projects that would strengthen the country’s financial sector in the face of coronavirus fallout. The fresh funding — known as “Philippines First Financial Sector Reform Development Policy Financing” — is the first of two programs of World […]
Read MoreSingapore-based private aviation company Yugo Global Industries Pte Ltd recently released its newest charter routes in Cambodia, Thailand, Malaysia and the Philippines to further cement its regional foothold and capitalise on growing demand for private air travel in Asia. “Leveraging on its network of helicopters and jets, Yugo is the first air mobility platform that […]
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