The Myanmar government has signalled its intention to tighten up corporate discipline by removing more than 800 companies from the official register for failing to submit their annual returns on time. The Directorate of Investment and Company Administration (DICA) said on May 9 it had removed 810 companies from the register for not filing their annual […]
Read MoreThe Hanoitimes – Lower policy rates would enable commercial banks to cut interest rates in a more sustainable way, which in turn contribute significantly to economic recovery, said a central bank official. Vietnam’s solid macro-economic base has created room for the State Bank of Vietnam (SBV), the country’s central bank, to maneuver its monetary policy and […]
Read MoreThe National Credit Bureau’s 104 members saw an upsurge in non-performing loan (NPL) ratio to 8.1% at the end of March from 6.8% a year earlier as headwinds such as the coronavirus outbreak took hold, says the NCB. Bad loans for mortgages, auto and personal loans and credit cards in the bureau’s database amounted to […]
Read MoreE-commerce and fast-moving consumer goods (FMCG) players in several Asian countries, including Indonesia, believe their business will resume quicker than other sectors after the pandemic, a recent survey shows. They expect businesses to return to normal within five months, around a month earlier than 6.2 months expected by other sectors, according to a survey by […]
Read MoreMaintains Phl credit rating at Baa2 MANILA, Philippines — Moody’s Investors Service now expects the Philippine economy contracting this year as the rapid and widening spread of the coronavirus disease 2019 or COVID-19 outbreak, deteriorating global economic outlook, falling oil prices and financial market turmoil are creating a severe and extensive economic and financial shock. […]
Read MoreEconomic data released this week by the International Monetary Foundation (IMF) shows that the long-lasting effects of five previous pandemics and their economic shocks have much worse effects on the employment prospects for workers with low levels of educational attainment. “Findings support the claim that the five major pandemics of this century have raised income […]
Read More
Thailand
