ABOUT 73 per cent of Singapore businesses expect to use at least one fintech product or service in the next 12 months, compared with 67 per cent in the past 12 months. This comes as businesses are looking to improve their operational efficiencies, according to findings from a new regional survey by global professional accounting […]
Read MoreAn elevated fiscal deficit will result in growing public debt, which will ramp up pressure on the country’s debt servicing capacity amid the Covid-19 crisis. The government has estimated the budget deficit will rise from 6.69 trillion kip, equal to 3.7 percent of the country’s gross domestic product (GDP), to 10.3 trillion kip (5.7 percent […]
Read More[BANGKOK] Thailand’s fiscal policy should play a greater role to help the economy recover from the impact of the coronavirous pandemic, the central bank governor said on Friday, with the benchmark interest rate at a record low. The Bank of Thailand (BOT) will focus on assisting with debt restructuring, Veerathai Santiprabhob told reporters after the […]
Read MoreINDONESIA’S central bank is likely to be done with rate cuts for now, with the economy’s recovery to be supported by quantitative measures instead, said economists after Bank Indonesia’s Aug 19 decision to keep its policy rate unchanged at 4 per cent, in line with market expectations. Compared to previous rounds, the tone of the […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) kept its key interest rates unchanged yesterday, as expected, saying the current monetary policy settings remain appropriate for the time being. In a virtual press briefing, BSP Governor Benjamin Diokno said the Monetary Board decided to maintain the overnight reverse repurchase rate at an all-time low […]
Read MorePETALING JAYA: Local hotel operators are expecting occupancy rates to pick up slightly in the final quarter of this year, according to a survey by the Malaysian Association of Hotels (MAH). However, average occupancy rates, which have been severely hit by the Covid-19 pandemic, are expected to continue remaining lacklustre for the remainder of 2020. […]
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