SINGAPORE – Local banks have cut their interest rates on savings accounts amid the coronavirus outbreak this year, with OCBC Bank being the first to announce another reduction since May. OCBC said on its website on Monday (June 1) that it will reduce the salary credit bonus interest for customers on the OCBC 360 savings account from […]
Read MoreMANILA, Philippines — The Department of Agriculture (DA) is seeking a $200-million loan from the World Bank to help boost the local fisheries sector. Agriculture Secretary William Dar said the $200-million Fisheries and Coastal Resiliency project would directly contribute to achieving key outcomes in the country’s food security framework. The project is also integral to […]
Read MoreAFP – Thailand’s parliament approved a near-$60 billion stimulus package, the kingdom’s biggest cash injection, to revive an economy that has been hammered by COVID-19. The 1.9 trillion baht ($59.7 billion) package would be a much-needed boost for Southeast Asia’s second biggest economy, expected to contract by 6-7 percent in 2020. About $17.3 billion of the […]
Read MoreDespite the long closure because of the outbreak, two major cinema operators are sticking to their expansion plans for this year. Pimsiri Thongrompo, marketing director at SF Corporation, operator of the SF cinema chain, said the company remains committed to opening four new cinema branches this year. Two branches have already opened in Chon Buri. […]
Read MoreThe World Bank says Cambodia should diversify away from garment exports by further promoting shipments of electronic and vehicle parts and accessories to Japan. In its biannual update for Cambodia released Friday, the bank said Cambodia’s garment, footwear and travel goods exports grew only 7.5 percent in the three months to March, down from 17.7 […]
Read MoreMyanmar will exert more discipline and control over investors holding land earmarked for industrial zones under a new Industrial Zone Law passed by Parliament on May 27. Under the law, businesses which have received land plots targeted for industrial zones must submit a six-month project plan along with a date of completion to the authorities. […]
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