MANILA, Philippines — In a widely expected move, the Bangko Sentral ng Pilipinas (BSP) yesterday left interest rates unchanged at their all-time lows, but said it remains vigilant against risks to the outlook for inflation and growth. In a virtual press conference, BSP Governor Benjamin Diokno said the central bank’s policy-setting Monetary Board kept the […]
Read MoreCambodia’s recovery from the economic impact of the Coronavirus pandemic may hurt the country’s banking sector if its pace is uneven, say experts. In a report on the risks to emerging market (EM) banks worldwide, Moody’s Investors Service said there are a number of risks to EM banks if the bounce back is a bumpy […]
Read MoreRestaurant operators yesterday submitted a petition to the government calling for loan support worth 30 billion baht with a 100% debt guarantee coverage from state-owned Thai Credit Guarantee Corporation (TCG). Thai Restaurant Association president Taniwan Koonmongkon, who submitted a petition yesterday to the government via National Economic and Social Development Council secretary-general Danucha Pichayanan, said […]
Read MoreThe Phuket sandbox scheme is still fixing inconvenient regulations, particularly regarding digital competency, in the buildup to its planned reopening on July 1. However, important short-haul markets are likely to be absent in the early months of the scheme. Rules regarding verification and tracking systems still pose a challenge, including redundant apps as Thailand is […]
Read MoreKUALA LUMPUR: The Statistics Department anticipates a favourable economic performance, based on the positive April leading index (LI), but the strength of the recovery will hinge on the impact and extent of the Covid-19 pandemic. Chief Statistician Datuk Seri Dr Mohd Uzir Mahidin said the LI in April registered double-digit growth of 15.7%, nudging the […]
Read MoreMANILA, Philippines — The Philippines on Friday secured a $400-million (P19.5 billion) loan from the World Bank to fund projects that would strengthen the country’s financial sector in the face of coronavirus fallout. The fresh funding — known as “Philippines First Financial Sector Reform Development Policy Financing” — is the first of two programs of World […]
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Thailand
