The Indonesian government should use the COVID-19 pandemic as an opportunity to accelerate economic reforms to attract more investment after the health crisis recedes, an economist with multinational investment bank and financial services holding company HSBC has said. Joseph Incalcaterra, the chief economist for ASEAN at HSBC, said on Wednesday that the current uncertainty of […]
Read MoreMANILA, Philippines — The Philippines is making progress in addressing technical compliance deficiencies in its program against money laundering and terrorist financing, ahead of the deadline set by Paris-based global watchdog Financial Action Task Force (FATF). Based on the first follow-up report on the mutual evaluation of the Philippines obtained by The STAR, the Asia […]
Read MoreThe Hanoitimes – Goldman Sachs expected exports to be Vietnam’s major driving force for economic recovery. In 2020, Vietnam’s GDP growth is set to slow to 2.7% and rebound to 8.1% next year, according to the US-based investment bank Goldman Sachs. Goldman Sachs’ 2.7%-GDP growth forecast for Vietnam in its first ever macro-economic report on the […]
Read MoreThe Bank of Thailand has issued digital personal loan regulations, paving a path for consumers with no financial statements to better access financial services. The central bank issued a circular to business operators that want to apply for digital loan business licences to incorporate alternative data for digital personal loan analysis apart from the existing […]
Read MoreKUALA LUMPUR: Bank of Japan, acting as agent of the Minister of Finance of Japan, and Bank Negara Malaysia had on Friday signed the second bilateral swap arrangement (BSA). In a statement, Bank Negara said this BSA enables both authorities to swap their local currencies (that is yen and ringgit, respectively) for US dollar. The […]
Read MoreMANILA, Philippines — Sales of imported vehicles slid 49 percent in the eight months to August this year as demand remained weak amid the mobility restraints due to lockdowns implemented to address the coronavirus pandemic. In a statement yesterday, the Association of Vehicle Importers and Distributors Inc. (AVID) said it sold 29,360 units from January […]
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