MANILA, Philippines — The country’s surplus of dollars more than doubled to an all-time high of $16.02 billion last year on the back of higher foreign borrowings by the national government to cushion the impact of the global health crisis, the Bangko Sentral ng Pilipinas (BSP) said. BSP Governor Benjamin Diokno said the balance of […]
Read MorePETALING JAYA: Malaysia is still on track to achieve its gross domestic product (GDP) growth target of between 6.5% and 7.5% for 2021 despite a further extension of the movement control order (MCO 2.0), as the various stimulus packages and impending vaccine rollout will help steer the country towards recovery. Finance Minister Tengku Datuk […]
Read MoreThe Finance Ministry is preparing to amend the soft loan decree to allow greater low-interest loan access for small and medium-sized enterprises (SMEs). The ministry and the Bank of Thailand have agreed in principle to amend the decree, but a proposal has to be submitted to the parliament’s commission committee before any amendment can be […]
Read MoreDelivery firms and drivers are ‘burning candles at both ends’ as the number of orders during the pre-Tet sales season has soared. Do Quang Hung, a deliveryman, said he has to be present at a storehouse in Hoang Mai district in Hanoi to take goods to deliver to customers. Hung said the number of orders […]
Read MoreSINGAPORE (BLOOMBERG) – Singapore’s battered property firms are hitting a snag in their recovery after rising coronavirus infections led to an extension of remote work in the city-state. Shares of commercial developers and real estate investment trusts (Reits) have fallen since authorities announced last month that working from home will remain the default arrangement. The government is […]
Read MoreAccording to technology business site Tech In Asia, the once-obscure Buy Now Pay Later (BNPL) trend is getting new legs, which could see the option spreading in an increasingly digital Asia-Pacific. “These days, millennial and Gen Z consumers want it all – the instant gratification of a purchase and the ease of instalment payments, without […]
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Thailand
