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Myanmar rice exports to resume in May

Rice exports will resume in May at regular volumes of 150,000 tonnes for the month of May, the Myanmar Rice Federation (MFR) announced on April 28. 100,000 tonnes will shipped overseas while the remaining 50,000 tonnes will be traded at the border. More than 2 million tonnes of rice will be allocated for export in […]

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Philippines: BSP lowers credit risk weight for MSME loan

MANILA, Philippines — Loans for micro, small and medium enterprises (MSMEs) now carry a lower credit risk weighting to encourage banks to lend more to the sector as the coronavirus disease 2019 or COVID-19 has severely disrupted economic activity across the country, according to the Bangko Sentral ng Pilipinas. BSP Governor Benjamin Diokno said the […]

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Thailand: Facebook’s live social sales jump 200%

Thailand’s live social sales on Facebook have surged more than 200% since February as people are hunkered down at home, with the trend likely to continue after the outbreak, says Shoplus, an artificial intelligence (AI) social sales provider from Taiwan. “With the lockdown and closure of retail shops, the company saw Thai online merchants increase […]

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Indonesia: Gojek, Traveloka will not offer courses in preemployment card training: Program management

The management of the government’s preemployment card program revealed Wednesday that it had failed to persuade ride-hailing decacorn Gojek and online airline ticketing and hotel booking unicorn Traveloka to be its partners. The management’s executive director, Denni Purbasari, said her side had asked Gojek and Traveloka, valued at US$10 billion and $1 billion respectively, to […]

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