MANILA, Philippines — Assets of Philippine banks posted a double-digit growth in end May as the COVID-19 pandemic continued to threaten economies and financial systems around the world. Data from the Bangko Sentral ng Pilipinas (BSP) showed total resources of the Philippine banking system reached P19.14 trillion in end May, or P1.69 trillion higher than […]
Read MoreThe government of Myanmar will provide K40,000 to each of over 5.4 million households with unregular income across the country: K20,000 in late July and the other K20,000 in late August, according to U Zaw Htay, Director-General of the Ministry of State Counsellor Office. When providing financial assistance, the government will pay the families in […]
Read MoreThe upcoming national holidays will increase accommodation fees and prices of other tourism services after so many businesses lost money for a half year after closing because of COVID-19. More people are expected to travel nationwide. Taing Socheat Kroesna, director of the Preah Sihanouk Provincial Tourism Department, said that the rise in tourists expected for […]
Read MoreBest Inc, a Chinese logistics firm backed by e-commerce titan Alibaba, plans to invest 300 million baht in the second half to boost its express delivery service, Best Express, in Thailand. The company wants to tap the booming logistics industry, buoyed by online shopping, in the wake of the pandemic. The amount is part of […]
Read MoreNO one could have predicted that Covid-19 would raise a perfect storm, hitting the world economy hard in 2020. By our estimates, 90% of the world’s economies will expect to see a contraction this year. This severe downturn means countless people across the world, including in Malaysia, will suffer illnesses, lose jobs and livelihoods. The […]
Read MoreMANILA, Philippines — The Philippines and the World Bank have signed a loan agreement of $370 million or approximately P18.3 billion to fast-track the distribution of land to agrarian reform beneficiaries, according to the Department of Finance (DOF). In a statement, the DOF said Finance Secretary Carlos Dominguez and Achim Fock, the World Bank’s acting […]
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Thailand
