Thailand's economy may have shrank by 12%-13% in the second quarter from a year earlier due to the impacts of the coronavirous pandemic, the central bank said on Friday, in what could be a record ... ( read original story ...)
Turkey and Greece Need Angela Merkel’s Intervention
A rare opportunity to calm the troubled waters of the Eastern Mediterranean arose this week, with Turkey putting on hold a controversial seismic survey in an area contested by Greece. Its research ... ( read original story ...)
Turkey gives services, tradesmen tax relief over virus
Aiming to support economic activities feeling fallout from pandemic, move includes VAT and withholding tax cut - Anadolu Agency ... ( read original story ...)
Philippine banking system grows despite pandemic; resources at 95% of GDP —DOF
The Philippines’ banking system grew faster than the country’s nominal gross domestic product (GDP) in May this year, and even accounted for 95.8% of the economy, data released by the Department of ... ( read original story ...)
Philippines sets aside P20-B to vaccinate 20-M vs COVID-19
Nonetheless, Friday's televised briefing provided some idea on the government's optimism that a COVID-19 vaccine is just around the corner. Dominguez cited four vaccines currently in advanced stages ... ( read original story ...)
Philippines Could Have Its Own Digital Currency Like China
The Philippine Central Bank formed a technical working group ... central banks are rushing to create digital currencies to give them the ability to run the financial system without banks. He cited ... ( read original story ...)
Japan MOF, FSA, BOJ to meet from 0700 GMT – MOF
Senior officials from Japan's Ministry of Finance (MOF), the Bank of Japan and the Financial Services Agency will meet on Friday from 4 p.m. (0700 GMT) to discuss financial markets, the finance ... ( read original story ...)
ADB to finance $200 million into private gas power plant in Bangladesh
The Asian Development Bank (ADB) will provide a $200 million financing package to the (RBLPL) to build and operate a 718MW combined-cycle gas-fired power plant in Bangladesh. An agreement to this end ... ( read original story ...)
Infrastructure Push: Why India Needs A New Development Finance Institution
Development finance institutions have a key role to play in an efficient mobilisation of funds for infrastructure. ( read original story ...)
CORRECTED-China says to penalise Luckin Coffee for accounting fraud
China's Ministry of Finance will impose administrative penalties on Luckin Coffee after it confirmed an accounting fraud that forced the onetime market player to delist from NASDAQ. The ministry ... ( read original story ...)