MANILA, Philippines — The Philippines is urging Manila-based Asian Development Bank (ADB) to expand its loan portfolio in developing countries, including the Philippines, to help expedite economic recovery amid the pandemic. During the opening of the 54th Annual Meeting of the ADB Board of Governors, Finance Secretary Carlos Dominguez urged the multilateral lender to seriously […]
Read MoreMonetary policy should be maneuvered in a flexible and active manner to ensure sustainable growth and stability of both monetary and foreign-exchange markets, said the Party chief Nguyen Phu Trong. As a “veins” for the economy, the banking sector should continue to push for a comprehensive reform to better support the country’s process of modernization […]
Read MoreEnergy authorities are preparing to extend the power discount period for households and businesses to reduce monthly expenses during the third wave due to work-from-home orders. The Energy Regulatory Commission (ERC) earlier this year approved a discounted electricity tariff from February to March as part of the state’s relief measures to help individuals and businesses […]
Read MoreAt least 95 factories and enterprises have restarted production just a week after the government’s lockdown measures in Phnom Penh and Takmao city were divided them into three zones. The reopening factories are in the Yellow Zones, said Secretary of State of Ministry of Labour and Vocational Training Heng Sour. He added 15,000 workers have […]
Read MoreThailand’s border and transit trade value increased by 19.3% year-on-year to 384 billion baht in the first quarter this year, driven mainly by trade with Malaysia and rising demand for Thai rubber. Transit trade refers to the transport of goods through more than one country. Of the total figures, exports from Thailand totalled 226 billion […]
Read MoreKUALA LUMPUR: HSBC Global Research expects Bank Negara to keep the Overnight Policy Rate at 1.75% at its third Monetary Policy Committee meeting on Thursday. In a research note yesterday, its chief economist for Asean, Joseph Incalcaterra, said despite downside risks to Bank Negara’s economic growth forecast, there was a high bar for further monetary […]
Read More
Thailand
