MANILA, Philippines — With an earlier resurgence in new COVID-19 cases and the slow pace of vaccination, the Philippines may recover slower from the pandemic than other economies in Asia, according to Standard Chartered Bank. During a webinar, StanChart economist for Asia Chidu Narayanan said the bank expects the Philippines to grow by 4.6 percent […]
Read MoreThe General Department of Customs and Excise (GDCE) of the Ministry of Economy and Finance earned in total over 4,695 billion Riel or nearly $1.16 billion in the first half of this year, down 8.9 percent compared to the same period last year. The figures were shared in a press release on the outcome of […]
Read MoreHONG KONG, China — Asian markets edged lower on Friday as investors weighed concerns over economic growth and virus outbreaks and risk aversion set in following dovish comments from the Federal Reserve chief. Fed Chair Jay Powell reiterated the central bank’s plan to maintain stimulus initiatives until the economy fully recovers while Treasury Secretary Janet […]
Read MoreSyn Mun Kong Insurance on Friday announced it was cancelling its Covid-19 insurance policies with customers, saying the rapidly deteriorating situation made the risk unmanageable. In a message on its Facebook page, the SET-listed insurance firm said Covid 2-1 insurance policies for all clients would be terminated 30 days after they receive a letter from […]
Read MoreIt is a remarkable achievement that Indonesia’s trade balance has always been excessive in the last 14 months since May, 2020 until June, 2021. Jakarta (ANTARA) – Indonesia’s balance of trade registered a surplus of US$1.32 billion in June, 2021, with exports touching US$18.55 billion and imports valued at US$17.32 billion, the Central Statistics Agency (BPS) […]
Read MoreCommercial banks agreed to suspend debt repayments for two months for debtors affected by government coronavirus containment measures, the Bank of Thailand said on Thursday, as the country combats its worst Covid-19 outbreak. The assistance from July will be for retail debtors and smaller companies that have closed down, the central bank said in a […]
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