Cash infusion set for financial sector

Publication date 31 March 2020 | 00:42 | ICT

The government will disburse between $500 and $600 million in low-interest loans to financial institutions to enable them to provide loans to businesses at lower interest rates.

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  • Record surge in payouts for South Korea’s jobless in March?

    Publication date 30 March 2020 | 21:52 | ICT

    Government payouts for South Korea’s jobless are estimated to have shot up to a historic high this month in the wake of Covid-19.

  • Indonesia palm oil exports to China plummet by 57%

    Publication date 30 March 2020 | 21:51 | ICT

    Indonesia's palm oil exports to China have plummeted by half in volume amid global uncertainties, an industry source has said.

     
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  • Vietnam healthcare a big draw for investors

    Publication date 30 March 2020 | 21:50 | ICT

    Last year, VinaCapital’s flagship fund, Vietnam Opportunity Fund (VOF), invested $25 million in a private hospital operator, Tam Tri Medical JSC.

  • NBC’s directive to restructure credit targeting four sectors

    Publication date 30 March 2020 | 18:15 | ICT

    The National Bank of Cambodia (NBC) on Friday issued a directive to all banks and financial institutions to restructure credit for loans in four priority sectors, a move lauded by the private sector.

     
  • NBC’s directive to restructure credit targeting four sectors

    Publication date 30 March 2020 | 01:04 | ICT

    The National Bank of Cambodia (NBC) on Friday issued a directive to all banks and financial institutions to restructure credit for loans in four priority sectors, a move lauded by the private sector.

  • Malaysian firm to build substation

    Publication date 30 March 2020 | 01:03 | ICT

    Malaysian-based electrical power technology company Pestech International Bhd inked a contract to construct the $7.34 million 230/11kV Okvau Transmission Substation, leading Malaysian business publisher The Edge Media Group Pte Ltd reported on Thursday.

  • Google offers $800M to aid crisis-hit health agencies, businesses

    Publication date 30 March 2020 | 01:02 | ICT

    Google on Friday pledged $800 million worth of support in response to the coronavirus pandemic for health organisations, researchers and businesses impacted by the crisis.

  • Approval in principle for three companies to explore gold, copper

    Publication date 30 March 2020 | 01:02 | ICT

    The Ministry of Mines and Energy on Friday announced that three companies have been granted initial approval to carry out copper and gold exploration in the Kingdom.

  • ADB pledges $1.6B more in aid to Philippines

    Publication date 30 March 2020 | 00:14 | ICT

    The Asian Development Bank (ADB) on Friday said a bigger financial assistance worth at least $1.6 billion would be provided to the Philippines in the coming weeks to help its host-country in fighting the coronavirus disease (Covid-1

  • Indonesia remains SE Asia’s No2 venture capital market

    Publication date 30 March 2020 | 00:11 | ICT

    Indonesia retained its position as the second-largest venture capital market in Southeast Asia as Malaysia remained in third position and Singapore continued to lead the rankings.