MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has extended anew the zero spread on its peso rediscount loans by another three months to allow banks to tap the facility to meet their temporary liquidity needs amid the pandemic. BSP Governor Benjamin Diokno said the Monetary Board approved the extension of the temporary measures […]
Read MoreBENGALURU (REUTERS) – Mastercard said on Wednesday (Feb 10) it was planning to offer support for some cryptocurrencies on its network this year, joining a string of big-ticket firms that have pledged similar support. The credit-card giant’s announcement comes days after Elon Musk’s Tesla revealed it had purchased US$1.5 billion (S$2 billion) of bitcoin and would […]
Read MoreAfter receiving complaints, the government of Malaysia’s Pahang state has agreed to grant remission of the ‘office fee’ charged upon registration of property dealings. Mentri Besar (Chief Minister) Wan Rosdy Wan Ismail said the state was always responsive to the people’s complaints, especially those considered reasonable, and thus approved the remission of the registration fees […]
Read MoreBusiness sentiment plunged to a 25-month low in January as a fresh wave of infections decimated businesses and daily lives. The University of the Thai Chamber of Commerce (UTCC) said yesterday the TCC Confidence Index, which gauges the sentiment of the business sector and members of the Thai Chamber of Commerce in all provinces nationwide, […]
Read MoreMANILA, Philippines — Foreign direct investments continued to slump in November last year, although the decline moderated from the preceding month, keeping alive the central bank’s watered down forecast. FDI posted a net inflow of $537 million in November as the entry of new investments outpaced those that headed for the exit during the month, […]
Read MoreThai authorities are preparing to oppose Vietnam’s plan to impose a 34% anti-dumping tax on sugar imports from Thailand, which is based on a claim that Thai exporters are gaining an advantage over their Vietnamese competitors because of lower costs. The Thai Industry and Commerce ministries are planning their strategy following a media report that […]
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