Indonesia’s foreign debt rose by the end of August as the government borrowed funds from multilateral organizations to cover the country’s fiscal deficit, while businesses borrowed funds for investment, Bank Indonesia (BI) announced Thursday. Indonesia’s external debt, which includes government and private-sector borrowings, was recorded at US$413.4 billion in August, up 5.7 percent year-on-year […]
Read MoreThe use of an emergency decree is aimed at crowd control and averting economic losses, says the newly appointed finance minister, but a business group is urging caution over how the measure is carried out. The recently declared state of emergency is a means to handle the protests and prevent losses to businesses, said Finance […]
Read MoreAmid the COVID-19 pandemic, credit markets have been affected by the economic slowdown and financial institutions are increasingly moving towards digital delivery models, said Chea Serey, chairwoman of the Credit Bureau Cambodia (CBC) and also the general director of the National Bank of Cambodia. Digital delivery models refer to online channels of servicing customers. Serey […]
Read MoreMANILA, Philippines — Sen. Francis Pangilinan is urging the government to revisit its food supply chain and focus on logistics and transport amid spikes in some commodity prices. “There’s something wrong with the food price hikes. There’s demand and there’s supply. Our people are going hungry. Our farmers are producing more. Transport seems to be […]
Read MoreThe Hanoitimes – To date, Vietnamese goods and products are subject to a total of 200 trade probes, in turn affecting a trade turnover of nearly US$12 billion. New trade probes against Vietnamese exports during the first nine months of 2020 doubled to 32 from 16 recorded in the same period of last year, according to […]
Read MoreCyberthreats have spiralled up as businesses and individuals increasingly rely on online channels during the pandemic, say leading cybersecurity service providers. Yeo Siang Tiong, general manager for Southeast Asia at Kaspersky, a Russia-based cybersecurity service provider, said its system has detected an average of 429,000 malicious files a day globally after the pandemic took hold, […]
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Thailand
