phil02
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Philippine banks still enabling coal projects — report

MANILA, Philippines — Six Philippine banks have enabled coal projects by either underwriting or selling bonds meant to finance these developments, a move that goes against some of their commitments to stop coal funding, according to a new report. “Banks have not quit coal despite their coal divestment policies,” energy advocacy and bank watchdog group Withdraw from […]

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malay01
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Malaysia: Subsidies in place to mitigate impact of inflation

PETALING JAYA: Malaysia is well positioned to weather the spike in inflation globally with the efforts by the government in terms of providing subsidies as well as having a ceiling price for some consumer goods. Sunway University professor of economics Yeah Kim Leng said the escalation of prices especially commodities is affecting countries around the […]

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vn01
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Vietnam: Banks cut lending rates to support businesses

The banking sector will continue providing support for its customers affected by the pandemic, including ongoing efforts to restructure debt payments and waive and cut interest rates. Credit institutions in Hanoi have so far waived and lowered lending interest rates for 316,000 customers with a total outstanding loan of VND521 trillion (US$22.7 billion), according to […]

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