KUALA LUMPUR: Short-term interbank rates closed stable yesterday on Bank Negara’s operations to absorb surplus liquidity from the financial system. The liquidity in the conventional system increased marginally to RM36.2bil from RM35.73bil in the morning, while in the Islamic system, it fell to RM19.6bil from RM28.03bil. Earlier yesterday, Bank Negara conducted two conventional money market […]
Read MoreThe Hanoitimes – Revenue from online shopping accounts for 5.5% of the country’s total merchandise retail and service industries, according to the Ministry of Industry and Trade. Vietnam’s e-commerce revenue will likely reach US$52 billion, re-accelerating to nearly a 29% compound annual growth rate, keeping the third position in the ASEAN region by 2025. The figures […]
Read MoreFor CK Colindres and her two children, 12 and 2, weekends were always spent strolling in malls and dining out in the Philippine capital of Manila. That all changed when the pandemic struck. They’ve been cooped up at home since the government ordered minors to stay indoors to curb virus transmissions, the only country in […]
Read More[JAKARTA] Indonesia’s government has raised its budget for the national economic recovery programme to 553.09 trillion rupiah (S$52.3 billion), increasing fiscal support for an economy hit by the coronavirus pandemic, a senior minister said on Tuesday. “In plenary cabinet meeting and in other meetings, we’ve decided the size to be 553.09 trillion rupiah. It means […]
Read MorePETALING JAYA: The Covid-19 pandemic has caused foreign direct investment (FDI) into Malaysia to plunge and economists feel more has to be done to reverse the trend. “This is not unexpected and if you compare it with other countries in the region, it is not an isolated trend, ” Socio Economic Research Centre’s executive director […]
Read MoreMANILA, Philippines — The delinquency rate of credit card issuers is expected to increase further due primarily to the loss of income and unforeseen major expenses caused by the prolonged lockdowns to slow the spread of COVID-19, according to the Credit Card Association of the Philippines. CCAP said the delinquency level of credit cards is […]
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Thailand
