Philippines sees record high in unemployment rate ASEAN

Philippines sees record high in unemployment rate

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.
ADB approves 400 mln USD loan to support Philippines  World

ADB approves 400 mln USD loan to support Philippines

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.
SMEs struggle to access credit support package Business

SMEs struggle to access credit support package

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.
WB approves 500 mln USD loan to Philippines World

WB approves 500 mln USD loan to Philippines

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.
Thai finance ministry mulls handouts for farmers World

Thai finance ministry mulls handouts for farmers

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.
Indonesia relaxes debt payment for SMEs World

Indonesia relaxes debt payment for SMEs

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.