New relief measures for employees and self-employed workers ravaged by the coronavirus pandemic include soft loans with payment on principal and interest suspended for six months, but not cash giveaways, says a senior official at the Finance Ministry. Cash handouts are inappropriate at the moment and the budget is being spread thin, said finance permanent […]
Read MoreBanking and Finance industry insiders welcomed the new measures of the National Bank of Cambodia (NBC) which allow banks and other financial institutions to have stronger liquidity and to continue lending to the private sector amid the COVID-19 pandemic. The Cambodian Central Bank on Tuesday announced several new measures to facilitate and urge financial institutions […]
Read MoreMANILA, Philippines — Filing of tax returns has been moved to May 15 from April 15, as relief for tax payers who were unable to prepare for filing amid the lockdown in Luzon, the Department of Finance said. In a statement Thursday, DOF said the Bureau of Internal Revenue “has extended the deadline for the […]
Read MoreThe Hanoitimes – The State Bank of Vietnam is ready to sell foreign currency to ensure forex market stability if necessary. The State Bank of Vietnam (SBV), the country’s central bank, has the necessary resources, capabilities and instruments to stabilize macro-economic conditions and the monetary market, according to Pham Thanh Ha, head of the SBV’s Monetary […]
Read MoreIndonesia booked a state budget deficit of Rp 62.8 trillion (US$4.07 billion) as of February this year at a time when the government is rolling out multi-billion dollar stimulus packages to cushion the economic impacts of the COVID-19 pandemic. Government spending growth slowed compared with the same period last year and revenue dropped, the Finance […]
Read MoreKUALA LUMPUR: As the Covid-19 pandemic continues to develop, there could be an increase in demand for vegetable oils in China as the situation there improves even as demand slows in other countries hit hard by the outbreak. According to Affin Hwang Capital research, which has a neutral outlook on CPO, the impact on food […]
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Thailand
