MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) decided to maintain interest rates amid the benign inflation environment, to allow previous aggressive monetary actions to work their way through the economy as encouraging signs of recovery in domestic activity emerge despite the ongoing coronavirus disease 2019 or COVID-19 pandemic. BSP Governor Benjamin Diokno said […]
Read MoreThe Hanoitimes – While Vietnam is on track to witness the strongest growth in ASEAN this year, a weakening job market is the biggest risk to its economic recovery. With a tech-led recovery and consistent FDI inflows, Vietnam’s economy is set to rebound strongly by 8.1% in 2021, HSBC has said in a latest report. Meanwhile, […]
Read MoreThe Indonesian government has disbursed Rp 304.6 trillion (US$20.5 billion), or 43.8 percent of the Rp 695 trillion national economic recovery (PEN) budget, as of Sept. 28, with social safety net spending accelerating but healthcare spending still lagging. The government had spent Rp 150.8 trillion, or 74 percent of the social safety net budget, in […]
Read MorePETALING JAYA: Malaysian companies that are highly dependent on foreign labour need to strengthen their practices, as allegations have arisen about forced labour in the country. More developed countries are placing emphasis on environmental, social and corporate governance (ESG) initiatives to measure sustainability and societal impact of businesses and are tightening their labour practices as […]
Read MoreHengyi Industries’ oil refinery and petrochemical plant has been the main contributor to the increase in industrial downstream activities which has driven Brunei’s economy to a 2.8% growth in the second quarter (Q2) of 2020 amidst the global coronavirus pandemic. Minister of Finance and Economy and Minister and the Prime Minister’s Office YB Dato Seri […]
Read MoreSiam Commercial Bank (SCB) has set up a bank in Myanmar after receiving a subsidiary business licence from the Central Bank of Myanmar, aiming to expand in the neighbouring market via offline and online platforms. SCB, the country’s fourth-largest commercial lender by assets, notified the Stock Exchange of Thailand on Thursday that it had registered a […]
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