KUALA LUMPUR: The country’s debt level could hit the statutory limit of 55 per cent of gross domestic product at the end of the year from 52 per cent currently following the implementation of measures to save lives, protect livelihoods and stimulate the economy, Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz said on Tuesday. […]
Read MoreCollections plunge, spending soars due to lockdown MANILA, Philippines — The national government incurred a budget shortfall in May as it continued to increase disbursements in response to the coronavirus disease 2019 or COVID-19 pandemic amid weak revenue generation, the Bureau of the Treasury (BTr) reported yesterday. Based on the latest data from the Treasury, […]
Read MoreA senior official from the Telecommunication Regulator of Cambodia (TRC), says the Ministry of Posts and Telecommunication has removed the business licence and spectrum of Cambodia Advance Communications Ltd, known as CADCOMMS and branded as qb. Cambodia Advance Communications Ltd or “CADCOMMS” has been in operation in Cambodia since 2008 when it launched a 3G […]
Read MoreMANILA, Philippines — Members of the Association of Southeast Asian Nations (ASEAN) are expected to benefit from a stronger currency swap arrangement and better financial safety net now that the amended Chiang Mai Initiative Multilateralization (CMIM) agreement is already in effect, according to the Department of Finance (DOF). In a statement, the DOF’s International Finance […]
Read MoreSINGAPORE – The supply of private residential housing from confirmed sites under the government land sales (GLS) programme for the second half of 2020 has been reduced to take into account the fallout from the global Covid-19 situation, the Ministry of National Development (MND) announced on Wednesday morning (June 24). The private home supply of […]
Read MoreMortgage loan rejection rates in May and June subsided to pre-pandemic levels as homebuyers made decisions reflecting confidence in their income, says SET-listed developer Supalai. Managing director Tritecha Tangmatitham said the bank rejection rate for the company was 13% in May and June, down from 20% in March and April. “Customers who walk to project […]
Read More
Thailand
