SINGAPORE, Aug 9 — Some migrant worker rights groups and activists have raised concerns about rules that restrict workers’ movements in and out of dormitories, saying that they are too strict, give employers too much power and that it is unclear how long the rules will last. They also asked why the rules were not […]
Read MoreNon-performing loans are still increasing despite slow credit expansion as the COVID-19 pandemic stretches many businesses to their limits. The first-half financial statements of big banks like Vietcombank, BIDV and Vietinbank all indicated an increase in non-performing loans (NPLs). Total NPLs of Vietcombank increased 11 percent in the last six months, pushing the bad debt […]
Read MoreMANILA, Philippines — The government spent P547.35 billion in the first half to settle matured debt from both domestic and foreign lenders, according to the Bureau of the Treasury (BTr). The latest figure was more than 42 percent higher than the P385.25 billion recorded in the same period last year. For June alone, the government’s […]
Read MoreThailand’s ailing economy, particularly its tourism and agriculture sectors, is poised to get a boost from new rules that ease the private cultivation and sale of medical marijuana. The Cabinet amended the Narcotics Act on Aug 4, pending Parliament’s approval, to allow private medical operators — a category including some traditional medicine practitioners and farmers — […]
Read MoreBank Indonesia (BI) launched on Friday the seventh Indonesia Sharia Economic Festival (ISEF) by taking the festival fully online, the first of its kind in the country. ISEF, which was started in 2014, is an international event that brings together key stakeholders in the sharia economy, including business players, governments, associations and pesantren (Islamic boarding schools). This […]
Read MoreThe Hanoitimes – Cutting deposit interest rates on required reserve of commercial banks is not a further monetary easing. The State Bank of Vietnam (SBV)’s decision to slash some of its policy interest rate for the third time this year is believed to help reduce pressure on state budget expenditure, according to securities firms. This is […]
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