MANILA, Philippines — Some industries have experienced a pickup in business activities following the slight easing of movement restrictions in Metro Manila and other urban centers in June, according to the Department of Finance (DOF). In a series of meetings with the private sector in the third week of July, Finance Secretary Carlos Dominguez and […]
Read MoreSINGAPORE – Banks here say they keep a strong local core in the workforce, while growing the pipeline of local talent. Their responses come as the Monetary Authority of Singapore urged financial institutions to groom Singaporean leaders and grow the talent pool. Standard Chartered said on Wednesday (Aug 12) that staff levels here have grown from […]
Read MoreKUALA LUMPUR, Aug 13 — The new maximum retail price of RM1 per unit that three-ply face masks can be sold for in Malaysia will kick in this Saturday (August 15), the latest government gazette this week has confirmed. In an order published on August 11, Domestic Trade and Consumer Affairs Minister Datuk Alexander Nanta […]
Read MoreMANILA, Philippines — Domestic debt rose to P5.96 trillion as of end-July as the government continued to issue more securities amid strong demand from investors, according to the Bureau of the Treasury (BTr). The outstanding government securities issued by the government swelled by 1.12 percent to P5.96 trillion as of end-July from P5.89 trillion a […]
Read MoreAnnual credit card spending is expected to contract this year because of the coronavirus crisis, particularly for outbound spending, due to the government’s prohibition on cross-border travel. Credit card spending in the finance industry contracted by 14.2% year-on-year for the first five months this year. The shrinkage gradually improved from 40.1% in April to 27.6% […]
Read MoreVietnam may break a 10-year trend by not increasing regional minimum wages for private businesses in 2021 to help ease the financial burden on those ailing from the pandemic. With nine of the 13 members voting in favour, the National Wage Council will propose the government not to increase the regional minimum wage in 2021, […]
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Thailand
