MANILA, Philippines — Banks continued to snub the peso rediscounting loan facility of the Bangko Sentral ng Pilpinas (BSP) for the third straight month in July as measures aimed at softening the blow of the pandemic on the economy released much needed liquidity into the financial system. Rediscounting is a BSP credit facility extended to […]
Read MoreIndonesian ride-hailing decacorn Gojek launched a website on Monday to help micro, small and medium enterprises (MSMEs) go online. The website, melajubersamagojek.com, provides advice to business owners on which Gojek applications can help them accelerate their digitizational process. “Going digital is not easy if there is only one part of the value chain that is digitalized. […]
Read MoreMANILA, Philippines — The Asian Development Bank (ADB) is pushing for investments in transportation systems that use new technologies to adopt to social distancing and increased take-up of non-motorized transport amid the pandemic. In its new report titled “Guidance Note on COVID-19 and Transport in Asia and the Pacific,” the multilateral bank said future investments […]
Read MoreSingapore’s economy suffered a bigger contraction in the second quarter than previously estimated, signalling a long recovery ahead for the trade-reliant nation. Gross domestic product plunged a record 42.9% on an annualized basis in the second quarter from the previous three months, according to final estimates from the Ministry of Trade and Industry released Tuesday. […]
Read MoreTourism businesses in Siem Reap have changed their operations to target more domestic tourists. The move comes as hotels report more than 90 percent occupancy rates for the upcoming Khmer New Year replacement holiday. Business changes have included hotels dropping room rates as well as restaurants and bars offering a more Khmer-friendly atmosphere with live […]
Read MoreThe Energy and Mineral Resources Ministry has appointed Ridwan Djamaluddin as the ministry’s number one man in regulating Indonesia’s mining industry. Energy minister Arifin Tasrif inaugurated the geologist-by-training on Monday as the ministry’s new mining director general, an echelon one-level bureaucrat, which is a rank just below a minister. Arifin tasked Ridwan with implementing the […]
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