In a bid to ease debt-repayment burden on borrowers as well as minimise the number of non-performing loans, the central bank has come up with a new method of calculating interest.  This new method of calculating interest charged on overdue debt was enforced on May 1, Thanyanit Niyomkarn, the Bangkok of Thailand’s assistant governor, said on Friday (May 8).  She …

PT Pindad (Persero), an Indonesian state-owned enterprise specializing in military and commercial products, currently producing ventilators to combat Covid-19 pandemic. Pindad sells its ventilators at an affordable price so medical workers will be able to conduct treatment for Covid-19 patients. Deputy Secretary of PT Pindad’s Corporate Secretary, Herryawan Roosdyanto said that the ventilator that Pindad is currently developing is the …

It has been a concern on the country about the status of the economy as everyone is battling with the pandemic virus. The different businesses are reviewing the posibilities of what will happen for the upcoming months. Development in Malaysia’s gross domestic product (GDP) is forecast to ease from 3.6 percent in Q4 2019 to an annual average of 2.2 …

PASIG CITY – Former PBA player Roger Yap on Wednesday denied allegations made by Pasig City Mayor Vico Sotto berating a Pasig City government employee, saying his actions were just simply misinterpreted. The 42-year-old former cager drew the ire of Pasig City Mayor Vico Sotto during his Facebook live for cursing a city government frontliner who was distributing food voucher …

A 77-year-old Thai woman fall to her death from a Bangkok condominium in the Bang Khen district on Thursday morning. The  woman was being cared for by her granddaughter keeping her safe from the coronavirus. MS. Surinee Dokkaew, 77, was found dead about 6am on the ground at the base of the 15-storey Bangkok condominium building. Pol Maj Than Burnachai, …

The Dewan Rakyat has approved a motion to hold a no-confidence vote against Prime Minister Tan Sri Muhyiddin Yassin. Speaker Tan Sri Mohamad Ariff Md Yusof shared that the the resolution, tabled by former Prime Minister Tun Dr Mahathir Mohamad, will be forwarded to the upcoming one-day meeting on May 18. Mohamad Ariff reported that Dr Mahathir got two motions …

HANOI – According to the Central Bank, The Vietnamese Dong currency may likely get hit due to a weaker foreign direct investment inflow forecast caused by the Covid-19 pandemic. Fitch Solutions experts predicted the currency to be at around VNĐ23,475 per US dollar this year and VNĐ23,650 in 2021 from the current rates of VNĐ23,309 to 1 USD. “We maintain …

After occupying one corner of the Sarinah Thamrin shopping center, Jakarta and being one of the historic icons in Jakarta for nearly 30 years, McDonald’s Indonesia was forced to close its first restaurant in Indonesia. The official announcement was published across multiple platforms by McDonald’s Indonesia marketing communications director Michael Hartono on Friday, May 8. The McDonald’s Sarinah initially operated …

KUALA LUMPUR – Dewan Rakyat Speaker Mohamad Ariff Md Yusof confirmed today that he rejected the letter sent by Sabah Chief Minister Shafie Apdal seeking a motion of confidence to Langkawi MP and former Malaysian prime minister Dr Mahathir Mohamad. “Yes, authentic,” Mohamad Ariff said when contacted by Malay Mail. Ariff said the motion is inconsistent with with Article 43 …

MANILA, Philippines – Media titan ABS-CBN Corp. has filed a petition on Thursday and asked the Supreme Court for a temporary restraining order on the cease and desist order issued by the National Telecommunications Commission (NTC). “The continued operation of ABS-CBN Corporation is a matter of public interest and transcendental importance, it being among the largest broadcasting entities in terms …