MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) delivered yesterday another surprising and deep 50-basis-point cut in key interest rates to boost market confidence and further mitigate the downside risks to growth. BSP Governor Benjamin Diokno said in a virtual press briefing that the Monetary Board’s decision to cut the key interest rates brought […]
Read MoreProperty owners will no longer be required to report the presence of foreign tenants in their properties as often as they do now, starting from Tuesday. Section 38 of the Immigration Act requires that property or hotel owners who take in foreigners as guests notify officials within 24 hours. The Immigration Bureau has changed the […]
Read MoreThailand may have to allow new infections to occur in the kingdom if it wants the economy to get back on track, a health official said on Thursday. Supakit Sirilak, deputy permanent secretary for public health, said the kingdom has gone 31 days without recording new local transmissions. He said the country may have to […]
Read MoreMANILA, Philippines — The Philippines suffered in May the biggest monthly net outflow of foreign portfolio investments in more than six years as investors continued to liquidate portfolios and keep money in cash due to heightened worries over the adverse economic impact of the coronavirus disease 2019 or COVID-19 pandemic, according to the Bangko Sentral ng Pilipinas. […]
Read MoreThe completion of M&A deals with Thai investors has been followed by a succession of tough days in Vietnam, reported Nhip Cau Dau Tu. Big C Mien Dong Supermarket in HCM City, one of the oldest branches of the retail chain in Vietnam, has announced closure after failure in negotiating the rent with the landlord. […]
Read MoreIndonesia’s economy is on track for a significant contraction this year as the coronavirus crisis has hit the global economy more severely than previously expected, the International Monetary Fund (IMF) has forecast. The United States-based institution projects that Southeast Asia’s biggest economy will contract by 0.3 percent this year, according to the June update of the World […]
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