The Hanoitimes – Covid-19 could act as a catalyst for Vietnam to speed up the digital transformation it has already embarked upon. Effective reforms to grasp opportunities from the shift in the global value chains and investment system and the rise of the contact-free economy could help Vietnam become a high-income country by 2025, according to […]
Read MoreThe government will move ahead with its industrial plans for the Southern Economic Corridor (SEC) in four upper southern provinces, despite strong local resistance to them. The government decided to press on with the SEC, which complements the Eastern Economic Corridor (EEC) that is currently in development, deputy government spokesperson Rachada Dhnadirek told the media […]
Read MoreThe economy is likely to shrink less this year than the record 8.5% projected previously, helped by stimulus measures, the Finance Ministry said on Tuesday, as the government tries to revive a coronavirus-hit economy. The shrinkage could be less than the central bank’s latest projection for a 7.8% contraction, Lavaron Sangsnit, head of the finance […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has approved the guidelines of a new law extending a 60-day grace period for the repayment of all existing loans to ease the burden of consumers and companies severely affected by the COVID-19 pandemic. BSP Governor Benjamin Diokno said the regulator has approved the implementing rules […]
Read MoreKUALA LUMPUR: The total wage subsidy approved to employers under the Wage Subsidy Programme starting April 2020 amounted to RM11.93 billion as at Sept 18, 2020, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz. He said the initial three-month programme (April, May and June), which had been extended for another three months (July, August […]
Read MoreBANK lending in Singapore in August fell for the sixth straight session over the month, preliminary data from the Monetary Authority of Singapore showed on Wednesday. This was largely driven by weaker business lending. Loans through the domestic banking unit – which captures lending in all currencies, but reflects mainly Singapore-dollar lending – stood at […]
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Thailand
