Cambodia’s inflation remains low at around 3 percent in the first eight month of this year with a stable exchange rate while the country’s international reserves continue to grow and can ensure up to 10 months of imports of goods and services, according to Chea Chanto, the governor the National Bank of Cambodia (NBC). The […]
Read MoreAn interest rate incompatible with banks’ financial costs is the main reason the Bank of Thailand’s soft loan programme has floundered, according to a source at a state-owned financial institution. The central bank has been offering 500 billion baht in soft loans at 0.01% interest to financial institutions for two years to re-lend to small […]
Read MorePrime Minister Thongloun Sisoulith told business operators on Friday that it was essential for the public and private sectors to cooperate more closely amid the Covid-19 pandemic to ensure no one is left behind. The premier delivered a motivational address to the 8 th Congress of the Lao National Chamber of Commerce and Industry (LNCCI), […]
Read MoreBankers are optimistic that rising bad debts driven by Covid-19 are manageable, though the second phase of the moratorium offered by many banks will end next month. They estimate non-performing loans (NPLs) to rise to 5 per cent by the end of this year, up from 3 per cent at the end of last year. […]
Read MoreAs businesses in Vietnam race to provide financial services for the unbanked and underbanked population through various fintech solutions, the Vietnamese government is closely following this industry trend and has initiated a pilot scheme for mobile money. In May the government approved Resolution No.84/NQ-CP on tasks and solutions for dealing with difficulties in business operations, […]
Read MorePrime Minister Hun Sen is encouraging the development of rural tourism to promote new tourism products, rural skills and create jobs because the sector is currently seriously affected by the COVID-19 pandemic. The premier’s call was made on World Tourism Day yesterday under the topic of Tourism and Rural development. He said the government has […]
Read More
Thailand
