Financial firms extended loan dues for more than 223,000 borrowers whose outstanding loans stood at 151 trillion VND (6.49 billion USD) by May 25, according to the State Bank of Vietnam.
Unemployment in the Philippines soared to 17.7 percent in April, equivalent to around 7.3 million jobless Filipinos amid the COVID-19 pandemic, the Philippine Statistics Authority (PSA) announced on June 5.
The State Bank of Vietnam will consider simplifying lending procedures to help COVID-19-affected firms easily access preferential interest rate loans, SBV Deputy Governor Dao Minh Tu said.
The Asian Development Bank (ADB) said on May 26 that it has approved a 400 million USD loan to support the Philippine government's efforts to strengthen domestic capital markets and reach its development goals of high, sustained economic growth and poverty reduction.
State-owned lender Bank Rakyat Indonesia (BRI), in cooperation with ride-hailing service provider Grab, has launched a low-interest loan facility for the latter’s drivers and merchant partners who have been impacted by the COVID-19 pandemic.
Indonesia is finalising a financial bailout plan worth 1 billion USD for the national flag carrier PT Garuda Indonesia to help it avoid bankruptcy after the COVID-19 pandemic forced the airline to ground most of its planes.
The Asian Development Bank (ADB) on April 27 approved a 200 million USD loan to support the Philippine government's effort to provide emergency cash subsidies to vulnerable households amid the COVID-19 pandemic.
The Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) has introduced a second interest rate cut to help companies and individuals hurt by the COVID-19 pandemic.
Small- and medium-sized enterprises (SMEs) are finding it difficult to access the Government's credit package worth 250 trillion VND (10.7 billion USD) to support those affected by the COVID-19 pandemic because of a lack of trust in their ability to repay.
The World Bank (WB) said on April 10 that its Board of Executive Directors had approved 500 million USD policy loan to help strengthen the Philippine government's capacity to address disaster risks, respond to and recover from natural disasters, as well as support urgent needs created by the COVID-19 crisis.
Thailand’s Ministry of Finance met on April 9 to hash out details of a planned cash handout for almost 9 million farmers to inject liquidity into the economy amid the slowdown brought on by the COVID-19 outbreak.
The Government Office said Deputy Prime Minister Trinh Dinh Dung has ordered the setting up of a managing unit for the Ben Luc-Long Thanh Expressway project.
Indonesian President Joko Widodo said on March 24 that his government has agreed to extend debt payment deadlines for small- and medium-sized enterprises (SMEs) for one year.
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