MANILA, Philippines — The government spent P547.35 billion in the first half to settle matured debt from both domestic and foreign lenders, according to the Bureau of the Treasury (BTr). The latest figure was more than 42 percent higher than the P385.25 billion recorded in the same period last year. For June alone, the government’s […]
Read MoreThailand’s ailing economy, particularly its tourism and agriculture sectors, is poised to get a boost from new rules that ease the private cultivation and sale of medical marijuana. The Cabinet amended the Narcotics Act on Aug 4, pending Parliament’s approval, to allow private medical operators — a category including some traditional medicine practitioners and farmers — […]
Read MoreBank Indonesia (BI) launched on Friday the seventh Indonesia Sharia Economic Festival (ISEF) by taking the festival fully online, the first of its kind in the country. ISEF, which was started in 2014, is an international event that brings together key stakeholders in the sharia economy, including business players, governments, associations and pesantren (Islamic boarding schools). This […]
Read MoreThe Hanoitimes – Cutting deposit interest rates on required reserve of commercial banks is not a further monetary easing. The State Bank of Vietnam (SBV)’s decision to slash some of its policy interest rate for the third time this year is believed to help reduce pressure on state budget expenditure, according to securities firms. This is […]
Read MoreGDP in the spotlight MALAYSIA’S gross domestic product (GDP) report for the second quarter will shed some light on the damage the Covid-19 pandemic has inflicted on the country’s economy. Bank Negara is expected to announce the second quarter GDP on Friday. ING senior Asia economist Prakash Sakpal forecasts an 8.3% year-on-year contraction – the […]
Read MorePPCBank has announced the opening of two new branches, adding to a total of 23 branches and 62 ATMs operating across the country. The two newly opened PPCBank branches are ready to serve customers in convenient locations: Preah Sihanouk Boulevard and National Road 6A. At Preah Sihanouk Boulevard branch, customers can enjoy a range of […]
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Thailand
