MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has directed too big to fail banks to submit concrete and reasonable recovery plans in case of a breach in capital requirement amid the uncertainties brought about by the raging pandemic. BSP Governor Benjamin Diokno said the Monetary Board approved the amendments to the guidelines on […]
Read MoreThe resurgence of Covid-19 is forcing hoteliers to consider temporarily closing down given the low income and poor demand from tourists. Marisa Sukosol Nunbhakdi, the president of the Thai Hotels Association (THA), said non-chain hotels without adequate cash flow are choosing to cease operations from April to October or until tourism demand resumes instead of […]
Read MoreJakarta. Indonesian central bank’s latest decision to keep its benchmark interest rate may indicate that it has no further room to lower its interest rate this year as higher global yields growing higher and weaker rupiah limit its options, shifting the crux to the local banks lower to their lending interest rates to support the economy. Bank Indonesia, the […]
Read MoreIn aiming to make its insurance-linked securities (ILS) regulatory environment as appealing as possible, the government of Singapore is listening to market participants and enhancing rules surrounding ILS and catastrophe bond issuance structures, to reduce friction for sponsors and other parties involved in transactions. Ever since the start of Singapore’s journey into insurance-linked securities (ILS), […]
Read MoreIn case the US can fully disburse the entire US$1.9-trillion stimulus package, Vietnam’s GDP could expand by an addition of 0.76 percentage points. Vietnam could reach an economic growth in range of 6-6.3% in case the Covid-19 pandemic is fully contained domestically and the global economy returns to its upward trend. Chief Economist of the […]
Read MoreMANILA, Philippines — Forgone wages during the month-long quarantine restriction are expected to reach P83.3 billion as the government continues to rely on lockdowns to control surging COVID-19 cases. During the Cabinet meeting with President Duterte late Monday night, acting Socioeconomic Planning Secretary Karl Chua said loss of jobs and incomes is the consequence of […]
Read More
Thailand
