Page 5 – ASEAN Economic Community Strategy Center

World Bank commits continued support for Philippines digital transformation

MANILA, Philippines — The World Bank said it is committed to supporting the digital transformation of the Philippines, but underscored the need for reforms particularly in the investment environment. “The World Bank is committed to supporting the Philippines in its digital economy agenda. Reforms that will enable digital transformation across the government and the private […]

Thailand: Central bank to issue new rules to curb penalty on loan defaulters

The central bank will introduce new rules on the rate of penalty imposed on loan defaulters in a bid to ease borrowers’ burdens and motivate them to repay their debts, a Bank of Thailand (BOT) executive said on Tuesday. Thanyanit Niyomkarn, assistant BOT governor, said the central bank will let financial institutions charge no more […]

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World Bank commits continued support for Philippines digital transformation

Thailand: Central bank to issue new rules to curb penalty on loan defaulters