It seemed like a tentative step. Government opened Boracay to domestic tourists last week, but it doesn’t mean other tourist areas are ready to open as well. “There were actually 35 tourists who came to Boracay yesterday by air, land and sea,” Tourism Secretary Berna Romulo Puyat said in an interview on ANC’s “Headstart.” “Of […]
Read MoreThe possible amendments to the 1999 and 2004 Bank Indonesia (BI) Laws and the issuance of a regulation in lieu of law (Perppu) on financial system reform may interfere with the central bank’s independence, economists have warned. In a virtual discussion held by the Institute for Development of Economics and Finance (Indef), the institute’s senior […]
Read MoreFears of a debt tsunami are amplifying with debt relief measures by the Bank of Thailand set to expire later this month. Suffering businesses are urging an extension to avoid shouldering a mountain of debt that could make them go under. Non-performing loans (NPLs) in consumer finance are edging up amid the economic downturn aggravated […]
Read MoreThe Chinese yuan and the Philippine peso are two of the strongest currencies in Asia this year. The yuan outperformed its regional peers in the 3rd quarter, recording its best quarterly gain in 12 years. The peso, Asia’s frontrunner this year with a year-to-date gain of 4.29 percent, posted its best quarter in a decade. […]
Read MoreHCM City People’s Committee recently proposed the land prices frame be more market-based because large gaps with the market prices have caused significant losses to budget collection. For example, regulated land prices in the southern city ranged from VND1.5 million per square metre to VND162 million, and a land price adjustment coefficient not exceeding 30 […]
Read MoreThe ratio of public debt to GDP in the next five years should not exceed the 60% ceiling even if taking into account the 1-trillion-baht loan decree, though the estimate excludes the probability of additional loans, says a senior finance official. The Public Debt Management Office (PDMO) has told Finance Ministry authorities that public debt […]
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