The Bank of Thailand’s mechanism to inject liquidity to help stabilise the debenture market has yet again been met with criticism from one of the central bank’s alumni, with the main objection centring on the move’s failure to effectively address the problem’s root causes. Amid risks that many corporations will experience a liquidity shortage, the […]
Read MoreThe number of business registrations for the first three months of the year have plunged dramatically compared with the same period last year. From January to March 2020, Cambodian-registered businesses to around 2,868 companies and enterprises, dropped about 27.7 percent compared with 3,968 companies and enterprises in the same period in 2019, according to the […]
Read MoreThe Hanoitimes – During the two-month period, deposits from economic institutions in Vietnam’s banking system declined 4.84% against the end of 2019 to VND3,770 trillion (US$161.08 billion). In the first two months of 2020, economic institutions in Vietnam net withdrew VND191.76 trillion (US$8.2 billion) from the banking system, double the net withdrawal amount of VND95.9 trillion […]
Read MoreConsumer goods makers, distributors and modern trade operators have agreed to lower goods prices by 5-58% to help reduce living costs during the coronavirus crisis. The campaign starts with six categories covering 72 items from March 16 to June 30. Commerce Minister Jurin Laksanawisit chaired a meeting on Thursday with representatives from 14 manufacturers, various […]
Read MoreBank Indonesia (BI) will relax rules on credit cards, including lowering the maximum interest rate and late payment penalty, to boost cashless transactions and fuel economic activities during the coronavirus pandemic. BI Governor Perry Warjiyo said the regulation would serve as a stimulus for credit card holders and businesses to boost the virus-hit economy. The relaxation […]
Read MoreMyanmar hotel and tour businesses will be exempted from paying licence fees for a period of one year as the sector continues to struggle against the COVID-19 pandemic, the hotel ministry said on April 16. The fees for applying for a new license or renewals, which include a hotel business fee, tour agencies fee, tour […]
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Thailand
