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Philippines: Bank reserve rules eased anew

MANILA, Philippines — Loans extended by banks to large enterprises that recorded a 25 percent drop in gross receipts and are unable to pay financial obligations due to the pandemic are now considered as alternative compliance with the reserve requirements, according to the Bangko Sentral ng Pilipinas. BSP Governor Benjamin Diokno said the regulator approved […]

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Vietnamese businesses wait for new rescue package

Most enterprises say they are still experiencing a sharp decrease in revenue, cash flow imbalance and decline in confidence. Chu Tien Dung, chair of the HCM City Business Association, said a recent survey by the association found that only 5 percent of businesses have regained the normal situation and 9 percent have initially overcome difficulties, […]

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Thailand: Sluggish recovery

Assurance of a gradual economic recovery has been repeated by Thailand’s financial authorities using empirical evidence, but the reality on the ground reveals more pain in the near term. Despite signs of business activity re-emerging after strict lockdown measures were eased, the Covid-19 pandemic is challenging the business cycle. Sluggish economic conditions and subdued earnings […]

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Philippines: Government to reopen more sections of economy

MANILA, Philippines — The government is committed to re-open  more sections of the economy in line with  efforts to return to a growth trajectory, according to the National Economic and Development Authority (NEDA). In a statement over the weekend, Acting Socioeconomic Planning Secretary Karl Chua said the government would also ensure the greater availability of […]

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