The total budget deficit after grants increased by about JD695 million through the end of April 2020, compared with JD304 million for the same period in 2019, the Jordan News Agency, Petra, reported, …
Cambodia to provide cash to poor hit by COVID-19 outbreak
PHNOM PENH, Cambodia (AP) – Cambodia has established a program to give cash handouts to the country’s poorest households to alleviate the financial burden caused by the coronavirus. Prime Minister Hun …
Malaysia’s debt limit can be raised if necessary, says MIDF group MD
KUALA LUMPUR: While Malaysia’s debt-to-gross domestic product (GDP) ratio may hit the 55 per cent statutory limit by year-end, the cap is “self-imposed” and can be changed through parliament if deemed …
Iraq’s plans to cut salaries face strong backlash
The Iraqi government’s decision to reduce government employees’ salaries has caused a major uproar among the political forces.
Association for Financial Professionals Partners with Matrix Institute of Professionals on CTP, FP&A Exam Prep Courses
The Association for Financial Professionals (AFP) and Matrix Institute of Professionals have announced a formal partnership to offer exam preparation courses for treasury and finance professionals …
Myanmar Cautioned About Costly Borrowing From China
Myanmar’s auditor general has cautioned government officials about continued reliance on high-interest Chinese loans, as the Southeast Asian country begins to pay off debt taken on during decades of …
Singapore fund takes stake in Myanmar ISP Frontiir
Ascent Capital, a Singapore-registered fund manager, is set to invest US$26 million in Myanmar internet service provider Frontiir, marking its first equity investment in the country.
Vietnam wants to bet on gambling industry to boost tourism
If Vietnam legalises sports betting, billions of dollars could be recouped for the country and help boost tourism post-Covid-19.
Australia, World Bank provide financial support to Vietnam amid Covid-19 impacts
The World Bank Group and the Australian government have agreed to extend their strategic partnership in Vietnam with a commitment of an additional AUD5 million (US$3.45 million) to support Vietnam’s e …
Vietnam should develop a gambling industry to boost tourism
If Vietnam legalises sports betting, billions of dollars could be recouped for the country and help boost tourism post-COVID-19.