Philippines eyes more borrowings due to COVID-19 World

Philippines eyes more borrowings due to COVID-19

The Philippine government is planning to borrow more from domestic and foreign markets to finance the budget deficit this year, due to the economic slowdown triggered by the COVID-19 outbreak.
Forex rate under pressure of US-China trade tensions Business

Forex rate under pressure of US-China trade tensions

The foreign exchange market in Vietnam has heated up recently when the daily reference exchange rate set by the State Bank of Vietnam (SBV) continuously climbed to new record levels and the VND/USD rates listed at commercial banks also surged.
ASEAN+3 discuss cooperation in response to financial crises World

ASEAN+3 discuss cooperation in response to financial crises

Finance chiefs of the 10 ASEAN nations and Japan, China, and the Republic of Korea (ASEAN+3) met in Fiji on May 2 to discuss the enhancement of cooperation in times of financial crisis, including expanding the currency swap agreement between them.
Philippines' external debt strongly drops ASEAN

Philippines' external debt strongly drops

The Philippines' outstanding external debt stood at 72.2 billion USD by the end of June 2018, down by 997 million USD or 1.4 percent from the end of March 2018, the country’s central bank has announced.
Shrimp prices expected to recover in Q3 Business

Shrimp prices expected to recover in Q3

The price of material shrimps is forecast to recover in August and September after suffering drops over the past months, especially in the second quarter of 2018, according to the Vietnam Association of Seafood Exporters and Producers (VASEP).
Jury still out on cryptocurrency in Vietnam Business

Jury still out on cryptocurrency in Vietnam

The use of cryptocurrency and blockchains in Vietnam is currently limited to just one percent of the total population, though experts anticipate that the number could grow to 30 million users in the next ten years.