MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has enhanced the capital adequacy standards for mid-sized and small banks to ensure sufficient buffer for possible losses. The central bank’s Monetary Board has approved the amendments to the risk-based capital adequacy framework for stand-alone thrift banks, rural banks and cooperative banks to further enhance the […]
Read MoreThe Ministry of Commerce has formed a working group to draft a strategic policy on cashew nut development in Cambodia. Chaired by Chan Rasy, under-secretary of state of the Ministry of Commerce, the newly-formed group will conduct studies and collect information related to the cashew nut production chain. The collected information will be input for […]
Read MoreSeveral garment, footwear and bag factories in four industrial zones around Yangon have had to shut down or curtail operations due to a shortage of raw materials from China, an official from one of the industrial zones has revealed. However, despite the disruption of operations at the factories, container loads of raw material from China […]
Read MoreJAKARTA: Indonesia’s chief economic minister, Airlangga Hartarto, said on Wednesday the government plans to increase palm oil export levies to support expansion of its palm biodiesel programme. “The increase is currently being calculated, whether it will be a flat increase or progressive,” Hartarto told reporters. Further details on the plan are still being discussed, he […]
Read MoreThe Industrial Estate Authority of Thailand (IEAT) has teamed up with Asia Clean Industrial Park Co (ACIP) to develop a new industrial estate in Chon Buri to serve novel investment projects in the Eastern Economic Corridor (EEC). It is named Asia Clean Chon Buri Industrial Estate, located on a plot of 1,300 rai in Ban […]
Read MoreMANILA, Philippines — Despite being relatively insulated from the effects of the coronavirus disease 2019, (COVID-19), the Philippines will likely see slower economic growth in the first quarter of the year primarily due to the virus’ impact on tourism, London-based think tank Capital Economics said. In a new research brief titled “Assessing the impact so […]
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