In changes to bank secrecy law MANILA, Philippines — Philippine banks want a “safe harbor” provision in the proposed amendments to the country’s bank secrecy law to shield industry players from possible civil liability in connection with any deposit examination by the central bank. In a position paper submitted to the Committee on Banks and […]
Read MorePETALING JAYA: The travel bubble between Malaysia and Indonesia would not have significant impact on the aviation sector as strict travel conditions may limit passenger traffic. It was reported that Malaysia has been given the green light by Indonesia over a Reciprocal Green Lane/Travel Corridor Arrangement (RGL/TCA) travel bubble between both nations. A bank-backed research […]
Read MoreThe drying up of Siem Reap’s tourist business has resulted in such a profound loss of revenue at the Siem Reap Water Authority that it has been forced to supply water at a loss, according to a source familiar with the matter. The city has been hard-hit by the COVID-19 pandemic leading to drastically reduced […]
Read MoreFebruary is characterised by rosy red colours to usher in auspicious occasions and highlight affection, as people celebrate both Chinese New Year and Valentine’s Day this month, but questions linger about consumer spending amid the ongoing pandemic. The allure of spending and travel linked with these special occasions is far less enticing than in previous […]
Read MoreSINGAPORE: Equity investors expecting a big boost for Singapore’s benchmark index from its upcoming annual budget could be disappointed: heavyweight blue chips are unlikely to benefit from government largess. Aimed at reversing the nation’s worst economic contraction since it became independent in 1965, Tuesday’s budget is set to focus on the pandemic-hit travel sector or […]
Read MorePETALING JAYA: Average hotel occupancy rates are projected to hover at around 20% during the first quarter of this year, as Malaysia continues to grapple with the ongoing Covid-19 pandemic. Malaysian Association of Hotels (MAH) chief executive officer Yap Lip Seng (pic) said a recovery in the occupancy rate can be expected once the vaccine […]
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Thailand
