The government of Myanmar has announced that it will provide a total of K20 billion to over one thousand businesses, who applied for the loans from the Committee for Remedying the Impacts of the Coronavirus Disease 2019. As the second batch of the loan, the committee will provide K20.775 billion to the selected 1,041 businesses […]
Read MoreKUALA LUMPUR: The RM10bil PRIHATIN Supplementary Initiative Package (KITA PRIHATIN) is expected to have a positive impact on the nation’s economic growth in the fourth quarter of 2020. Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz said on Friday the economic stimulus packages announced by the government — PRIHATIN, PRIHATIN SME+, PENJANA and KITA […]
Read MoreSINGAPORE: Singapore’s industrial output rose 13.7% year-on-year in August, beating economists’ expectations, buoyed by a 44.2% jump in electronics production, official data showed on Friday. Economists had expected a 4.6% increase, according to the median of their forecasts in a Reuters poll. Industrial production marked its first rise after three straight months of contraction on […]
Read MoreJAKARTA: Indonesia’s government said on Friday it has significantly improved the distribution of social assistance to the poor to cushion the impact of the Covid-19 coronavirus pandemic. Febrio Kacaribu, the head of the finance ministry’s fiscal policy office, said surveys by the World Bank showed there has been major improvement in distribution of aid and […]
Read MoreKUALA LUMPUR: UOB global economics and market research expects the additional initiatives worth RM10bil under the “KITA PRIHATIN” will be partly funded by unutilised allocations from other initiatives. In its research note on Friday, it said the initiatives could also be possibly financed under Budget 2021 as some of the measures carry through into January […]
Read MoreThe Bank of Thailand plans to implement digital factoring next year to facilitate small and medium-sized enterprise (SME) access to loans. Factoring businesses provide an intermediate solution for liquidity problems caused by delayed payments. The idea behind the process is suppliers sell the invoices of a customer or debtor to a factoring business at a […]
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Thailand
