Shortfall widest in 4 months MANILA, Philippines — The country’s balance of payments (BOP) reverted to a deficit of $412 million in September, ending two months of surpluses, as the national government paid maturing foreign obligations. Data released by the Bangko Sentral ng Pilipinas (BSP) showed the deficit recorded last month was a complete reversal […]
Read MoreThe private sector has voiced readiness to work with the government to get priority works done and fulfil plans to develop public-private partnership (PPP) mechanisms, harness technology and leverage the benefits secured from trade deals, with a view to supporting a sustainable national economic recovery. This comes on the heels of comments made by Prime […]
Read MoreThe central bank said on Wednesday it extended a corporate bond stabilisation fund for another year to the end of 2022 as the coronavirus situation remained highly uncertain. The fund is aimed at maintaining economic and financial stability, the Bank of Thailand said in a statement. Source: https://www.bangkokpost.com/business/2205047/bank-of-thailand-extends-bond-support-fund-until-end-2022
Read MoreDuring the peak of the pandemic, Vietnamese products such as Luc Ngan and Thanh Ha lychee and Binh Thuan dragon fruit were still shipped abroad. Some kinds of goods were event sold to the pickiest markets at high prices for the first time. This has proven the Ministry of Industry and Trade’s (MoIT) tremendous effort […]
Read MoreBank Indonesia has prolonged its credit card rules set in May 2020 to further support economic recovery due to the pandemic. Bank Indonesia (BI) has extended its relaxed repayment terms for credit card debt to the end of the second quarter next year to support economic recovery efforts. Under the relaxed rules, minimum payment has been […]
Read MoreMANILA, Philippines — Retail and wholesale prices of building materials in Metro Manila surged in September as business activities resumed with the easing of quarantine measures in the capital, the Philippine Statistics Authority (PSA) said. The Construction Materials Retail Price Index (CMRPI) in the National Capital Region went up to two percent from 1.6 percent […]
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