With the funding, local banks have issued 974 guarantees valued at US$686 million to support exporters and importers. Close to 2,000 exporters and importers in Vietnam have benefitted over the past fiscal year from trade financing from the International Finance Corporation (IFC) designed to help businesses withstand the impacts of Covid-19 and preserve jobs. Given […]
Read MoreCambodia’s Commerce Minister is putting pressure on the Department of Skills to finalise draft laws to protect consumers, stamp out unfair competition and crack down on fraud. Pan Sorasak says the regulations would make trade in the Kingdom better and fairer. The minister stated officials at every level need to be professional and accountable to […]
Read MoreMANILA, Philippines — The country will continue to pay its debts beyond the ideal international threshold of 60 percent of domestic output until 2024, a top finance official said. In an interview with reporters, Finance Undersecretary and chief economist Gil Beltran said the debt-to-GDP ratio could improve only by 2025 at the earliest. Up to […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia (BI) Governor Perry Warjiyo believed the Central Bank Digital Currency (CBDC) or digital rupiah will bring many positive impacts on the economy, particularly on the country’s payment system. He said there were at least three benefits of digital rupiah. First, it will promote efficiency due to its circulation via digital blockchain technology platforms and distributed […]
Read MoreBy 2030, the domestic market for processed seafood would reach VND40-45 trillion ($1.75-1.97 billion), which would contribute to seafood exports of US$14-16 billion per year. Vietnam targets to become one of the world’s seafood processing hubs and among the top five seafood exporters by 2030. The move was revealed in the Government’s development strategy for […]
Read MoreSINGAPORE — Singapore will kick off its first quarantine-free travel program for vaccinated people arriving from Germany and Brunei, and ease restrictions for visitors from Hong Kong and Macao as it seeks to reopen its borders after fully vaccinating over 75% of its population, the government said late last week. “As the global covid-19 situation […]
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Thailand
