MANILA, Philippines — Further amendments to the mandated loan threshold for the agriculture and agrarian reform activities will push the country into the next stage of development post-pandemic, according to the Bangko Sentral ng Pilipinas. BSP Governor Benjamin Diokno said monetary authorities are pushing for the amendments to Republic Act 10000 or the Agri-Agra Reform […]
Read MoreThe Bank of Thailand is set to announce phase 3 of its debt restructuring measures for individual borrowers on Friday to help ease hardships stemming from the impact of the third wave of Covid-19. Ronadol Numnonda, deputy governor for financial institutions stability, said the central bank plans to offer financial aid to borrowers on a case-by-case […]
Read MoreVietnam ranks 70th among 190 economies in this year’s Doing Business 2020 report released by the World Bank (WB). One year earlier, it ranked 69th, and in 2018, it was 68th. Phan Duc Hieu, deputy head of the Central Institute of Economic Management (CIEM), noted that at an ASEAN conference on business environment held in […]
Read MoreMANILA, Philippines — The Philippines risks losing gains made in recovering jobs lost during the pandemic if it fails to accelerate the vaccination program and resume economic activities on all fronts, economists said yesterday. University of the Philippines economics professor Ramon Clarete said the 4.2 percent decline in first quarter gross domestic product (GDP) may […]
Read MoreTHE planned air travel bubble (ATB) between Singapore and Hong Kong that was due to start on May 26 may be delayed further, as it’s likely that Singapore would not be able to meet the criteria for the bubble to carry on. Transport Minister Ong Ye Kung said this at a press conference by the […]
Read MoreThe government’s “community bank” is receiving support after the cabinet approved tax and fee incentives to help businesses. Deputy government spokeswoman Traisuree Taisaranakul said on April 27, the cabinet signed off on tax and fee incentives to support the community bank, as well as endorsed a reduction of the property transfer and mortgage fees for […]
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