MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) sees no immediate need to further cut interest rates, reiterating that the economic fallout from the coronavirus pandemic is temporary. In a television interview, BSP Governor Benjamin Diokno said the country’s current monetary policy stance would hold for the next few quarters as it works with […]
Read MoreA week after it launched the COVID-19 wage subsidy program, the government announced on Monday that it had increased the scheme to cover a total of 15.7 million workers to spur household consumption and prevent the economy from slipping further. From its initial target of 13 million workers, the government increased the number of targeted recipients by an additional 2.7 […]
Read MoreFORECASTS for trade growth in 2020 have been adjusted for the third time, this time with Singapore’s non-oil domestic exports (NODX) tipped to grow 3 to 5 per cent year on year while total trade is likely to fall less sharply, by -10 to -8 per cent. The previous trade growth forecasts were -4 to […]
Read MoreIn late July, news that 15 Japanese companies received support from their Government to move to Vietnam from China became a hot topic in the media. According to the Japan External Trade Organisation (Jetro), they were among more than 80 firms whose moving out of China will be subsidised under a Japanese Government scheme. It said this […]
Read MoreGrab Thailand’s recent move to ease some rules, including suspending the zoning divide for GrabBike motorcycle taxi service between Bangkok, Nonthaburi and Pathum Thani, demonstrates its push to appease its rider partners to keep them in the fold amid fierce competition, though more needs to be done to cater to partners in its ecosystem, say […]
Read MoreThe Ministry of Post and Telecommunications has been finalising a draft sub-decree on the country’s National Internet Gateway (NIG), expecting to complete by the end of this year, according to the ministry’s spokesman. The NIG is a single internet gateway system to optimise network management in the country. Ministry spokesman Im Vutha told Khmer Times yesterday the […]
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