The government is rolling out a Rp 641.17 trillion (US$43 billion) economic recovery stimulus, bigger than previous allocations, to soften the impact of COVID-19 on micro, small and medium enterprises (MSMEs), as well as state-owned enterprises (SOEs). Finance Minister Sri Mulyani Indrawati said the “national economic recovery” program would include a strengthened social safety net, […]
Read MoreCambodia’s mangoes will soon be exported to China after expert teams between the two countries concluded technical problems concerning phytosanitary arrangements relating to the control of plant diseases. Despite difficulties during the critical situation sparked by the COVID-19 pandemic, discussions on the matter were still possible by teleconference, said Srey Vuthy, a spokesperson at the […]
Read MoreThe cabinet on Tuesday resolved that cash-strapped Thai Airways International (THAI) would file for bankruptcy at the Central Bankruptcy Court in order to work out its rehabilitation plan. Prime Minister Prayut Chan-o-cha said it was the best course to help the troubled airline back onto its feet. Under the rehabilitation plan, THAI would not receive […]
Read MoreMANILA, Philippines — The creation of the country’s strategic petroleum reserve remains a priority despite difficulty in its implementation, according to Energy Secretary Alfonso Cusi. State-run Philippine National Oil Co. (PNOC) would still pursue its planned oil strategic reserve storage because the country needs it, Cusi said. “It’s still a go especially now that we […]
Read MoreVIETNAM could emerge from the coronavirus crisis with the strongest growth in South-east Asia, but the downside risks are also high, Dutch financial group Rabobank has warned. The Vietnamese economy is still tipped to stay in positive territory in 2020 with a 1 per cent expansion, despite the sharp slowdown from the 7 per cent […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is finalizing the guidelines for virtual assets and the operations of virtual asset service providers to prevent the country from becoming a haven for the financial transactions of criminals and terrorists. In a draft circular, the BSP said it wants to ensure that the Philippines would […]
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Thailand
