Defaults are expected to be highest in the hotel, gaming and leisure sector along with oil and gas. And all of these will affect globally including Cambodia, as now tourism, service, construction start affecting, especially during the COVID-19 pandemic. Moody’s Investors Service raised its default forecast for the end of the year Monday to 10.6 […]
Read MoreThe Hanoitimes – The relief package is estimated to cost VND11 trillion (US$470 million). The government of Vietnam will cut electricity prices by 10% for slect buyers in April, May, and June as part of efforts to ease burden caused to citizens and businesses by the Covid-19 pandemic. The Ministry of Industry and Trade made the […]
Read MoreMANILA, Philippines — Economists are expecting the Bangko Sentral ng Pilipinas (BSP) to hold an emergency meeting to cut interest rates by 50 basis points to cushion the impact of the coronavirus disease 2019 or COVID-19 on the economy. Euben Paracuelles, chief economist for ASEAN at Japanese investment house Nomura, said the central bank’s Monetary […]
Read MoreInvestors have advised start-ups to start cutting their budgets, furloughing some employees and even laying off others to survive the COVID-19 pandemic, which will likely hit the economy hard. According to Dimitra Taslim, an investor at California-based venture capital company GGV Capital, start-ups could begin with slashing perks such as travel allowances and free food while opting for […]
Read MoreThe pandemic has ravaged businesses and forced social distancing, spiking demand for remote and digital services as well as online banking. Opening bank accounts online has surged after all commercial and state banks closed all branches nationwide during March 28-29 and banned account opening services for another eight days due to crowds of people inside […]
Read MoreMANILA, Philippines — Donn Christian Testor, a 30-year-old nurse in United Arab Emirates, went for a vacation in his hometown in Cavite last month. He was supposed to fly back to the Middle East last April 5 until the government stopped him from doing so. Testor is one of thousands of Filipino healthcare workers stuck […]
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Thailand
