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Vietnam: SMEs want sharper interest rate cuts

Small and medium enterprises (SMEs) need capital to revive their production, but cannot access bank loans or receive support from local credit guarantee funds. Voters from Gia Lai province have sent a petition to the State Bank of Vietnam (SBV), requesting that the agency encourage commercial banks to share difficulties with businesses by slashing interest […]

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Philippines: Term deposit yields rise across the board

MANILA, Philippines — Term deposit yields rose across the board as cash-rich banks continued to park their excess funds in the liquidity absorption facility of the Bangko Sentral ng Pilipinas (BSP). BSP Deputy Governor Francisco Dakila Jr. said tenders at yesterday’s term deposit auction facility reached P502.1 billion, higher than the increased volume offering of […]

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Vietnam to resume some Asian flights as curbs on business travel ease

[HANOI] Vietnam plans to restart international commercial flights to and from six Asian cities from mid-September, state media reported on Thursday, ending months of coronavirus-related suspension after easing some restrictions on foreign business travellers. The Civil Aviation Authority of Vietnam (CAAV) is proposing resuming flights to Guangzhou, Seoul, Vientiane, Phnom Penh, Taipei and Tokyo, which […]

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