Singapore – Singapore has imposed sanctions on Russia on Saturday that include four banks and an export embargo on electronics, computers and military products, in a rare measure by the Asian financial center in response to what it said was Moscow’s “dangerous precedent” in Ukraine. The small city-state, a worldwide shipping center, does not usually impose sanctions on its own …

Thailand is expected to sell less bonds this fiscal year than previously planned, as government spending is hindered by delays in selecting the right projects to mitigate the blow from coronavirus outbreak. The government will borrow just 450 billion baht through bond sales and through term loans in the year ending Sept. 30, less than the 600 billion baht previously …

For many Malaysians the declaration of the 6-month automatic deferment of all loans by Bank Negara Malaysia (BNM) has been greeted with relief. At a time when work stability in Malaysia and across the globe is inexistent, the decision to give no fines for failure to pay off a significant monthly contribution is also a good news. However, a bit …

Top Philippine banks gave consumer and small and medium-sized enterprise (SME) loan customers a grace period, giving them leeway during Luzon’s month-long coronavirus (COVID-19) pandemic lockdown. BDO Unibank, the country’s largest lender, gave the longest 60 day grace period, covering credit card, auto, home, SME and personal loan customers with due dates up to April 15, 2020. Bank of the …

Tax managers will challenge the decision of the Bureau of Internal Revenue (BIR) to adhere to the April 15 deadline for filing annual income tax returns (ITRs), following Luzon’s one-month quarantine to avoid the spread of COVID-19. Romeo H. Duran, president of the Philippines Inc.’s Tax Management Association, said his organization could appeal for the deadline to be reconsidered. In …

All national banks are asked to reduce their lending rates to reduce the impact of the spread of the corona virus or Covid-19. This was confirmed by the Coordinating Minister for Economic Affairs Airlangga Hartarto in Jakarta on Thursday (5/3). According to Airlangga, the government has held joint meetings with Bank Indonesia, the Financial Services Authority (OJK) and banking companies …