MANILA, Philippines — The country’s banking industry is adequately capitalized to survive potentially crippling impact of certain events such as the rapid spread of the novel coronavirus disease 2019 or COVID-19, according to the Bangko Sentral ng Pilipinas. BSP Governor Benjamin Diokno said the capital adequacy ratio (CAR) of local banks are much higher than […]
Read MoreBUSINESS sentiment among Singapore firms plunged to an all-time low in the second quarter of 2020 on coronavirus health risks and potential economic impact, according to Singapore Commercial Credit Bureau’s (SCCB) latest Business Optimism Index study. Business sentiment tumbled to -7.88 percentage points in Q2 2020 from 5.31 percentage points in Q1 2020 as all six […]
Read MoreDespite a 250 per cent increase in healthcare expenditure across the Asean region, outcome measures such as life expectancy and Universal Health Coverage (UHC) index scores remain lower across the region than those of many developed nations. In fact, countries can achieve the same level of life expectancy at 30 per cent of current healthcare expenditures […]
Read More[JAKARTA] Indonesian Finance Minister Sri Mulyani Indrawati said on Tuesday that authorities are prepared to use all measures they implemented during the 2008 global financial crisis to stabilise financial markets. The options include buying back government bonds, she told reporters. “We will guard the market mechanism so its integrity remains intact, while preventing excessive profit-taking […]
Read MoreKrungsri Finnovate, the corporate venture capital arm of Bank of Ayutthaya, has announced it invested an undisclosed sum in Grab and will collaborate to provide financial services on Grab’s platform. Mitsubishi UFJ Financial Group Inc announced previously it will invest up to US$706 million in Grab through MUFG Bank, MUFG Innovation Partners and Krungsri Finnovate […]
Read MoreNew cost, insurance, and freight (CIF) values for imported vehicles will be announced soon, the Customs Department announced yesterday. The values will be used by the Customs Department to calculate duties on imported vehicles and can significantly influence prices. The values are being updated as customs duties on vehicles imported into Myanmar had been calculated […]
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Thailand
