phil01
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Philippines: Lending rate cap starts next week

MANILA, Philippines — The prescribed ceiling on interest rates,  charges and other fees for specific loan offering by lending firms, financing companies and online lending platforms is set to take effect on Jan. 3, 2022, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno. Last Dec. 16, the   Monetary Board issued Resolution 1717 approving […]

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Vietnam seen as manufacturing hub for global brands

During the fourth wave of the Covid-19 pandemic from June until September 2021, several fashion brands began to gradually move production and orders away from Vietnam. This decision was made so as to reduce transport costs and adjust to the disruption in the supply chain, which has become a serious concern for many export-import businesses. […]

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