MANILA, Philippines — The national government closed 2020 with a heavier debt burden as expected, no thanks to rising pandemic costs and falling tax receipts that forced a borrowing binge. On Tuesday, Finance Secretary Carlos Dominguez III said emerging data showed outstanding state debt was equivalent to 53.5% of gross domestic product (GDP) last year, the […]
Read MoreThe cabinet resolution on relief measures, including new subsidies for power and water bills set to take effect next month, is necessary but insufficient to help businesses cope with the new outbreak of Covid-19 that is crippling the economy, say business leaders. Households and small businesses are the main beneficiaries of the two-month financial aid, […]
Read MoreKUALA LUMPUR: OCBC Bank Research expects Bank Negara to likely reduce the overnight policy rate (OPR) by 25 basis points to 1.50% at its Jan 20 monetary policy committee meeting due to the weaker economic outlook. The bank’s global treasury, research and strategy economist Wellian Wiranto said in his latest report that there could be […]
Read MoreThe Hanoitimes – Vietnam Electricity will conduct price marketization to encourage investment in electricity industry and follow the State-regulated market mechanism. Vietnam will officially run the competitive retail electricity market in 2023 as part of efforts to make the power sector more transparent and effective in comparison with the regional peers. Vietnam Electricity (EVN), the country’s […]
Read MoreThe Bank of Thailand has extended financial relief measures to individual borrowers until June this year, aiming to ease financial burdens stemming from a new round of the domestic Covid-19 outbreak. Ronadol Numnonda, deputy governor for financial institutions stability, said the central bank has extended and added financial relief measures to both retail and commercial […]
Read MoreThe government of Myanmar will announce the Economic Relief and Reform Plan, Daw Aung San Suu Kyi, the State Counsellor of Myanmar, said in her address to the National Tourism Development Central Committee’s meeting held on January 8. “We will issue a Myanmar Economic Relief and Reform Plan, which includes plans to remedy the impact […]
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