MANILA, Philippines — The government spent more than half for debt payments in May at nearly P38 billion as interest payments and amortization rose by double digits, the Bureau of the Treasury said. BTr data showed debt servicing in May went up by over 53 percent to P37.8 billion from P24.64 billion during the same […]
Read MoreEffective usage of the state budget has helped Vietnam succeed in bringing public debt under control since 2016, ensuring national financial security. The General Statistics Office last week announced that in the first six months of 2021, there has been a surplus in the state budget of VND80.6 trillion ($3.5 billion) thanks to a rise […]
Read MoreThailand is scheduled to sign a memorandum of understanding (MoU) today to form a deeper trade partnership through a “mini-FTA” with Kofu city in central Japan. Once signed, the trade partnership with Kofu will be the first mini trade agreement for the Thai government. A similar pact with Telangana state in India was scheduled to […]
Read MoreKUALA LUMPUR: The ringgit opened firmer against the US dollar, backed by rising crude oil prices amid the higher number of COVID-19 cases in Malaysia. At 9am, the local note rose slightly by 45 basis points (bps) to open at 4.1850/1890 against the greenback from 4.1895/1940 at last Friday’s close. Bank Islam Malaysia Bhd economist […]
Read MoreBusiness operators are calling for financial relief measures, including a debt moratorium and new loans with relaxed conditions, to help small and medium enterprises cope with Covid-19. The request was made ahead of Monday’s meeting of the government’s economic team called by Prime Minister Prayut Chan-o-cha. Members of the team are expected to consider an […]
Read MoreThe free trade agreement (FTA) between Cambodia and China is likely to come into force next year, after winning unanimous support from the National Assembly’s expert committee. The Ministry of Commerce will now submit a draft law to the National Assembly for approval. Minister of Commerce Pan Sorasak held a video meeting with Nin Saphon, […]
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