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 …

VP’s Special Staff for Economics and Finance, Lukmanul Hakim, communicated his side’s preparation to assist with promoting results of miniature, little, and medium ventures (MSMEs) by welcoming exchange attachés addressing far off countries and likely purchasers. Hakim noticed that in the midst of the COVID-19 pandemic, MSMEs can fill in as the drivers for the country’s financial recuperation. The commitment …

Amidst the challenge over pandemic, The Minister Sri Mulyani Indrawati has guaranteed that state spending finances will be utilized to help miniature, little, and medium undertakings to assist them with recuperating the effect of the COVID-19 pandemic. For them, in the midst of the pandemic, they should contribute and work connected at the hip to reestablish and uphold MSMEs so …

The State-run Development Bank of the Philippines (DBP) supported the local shipbuilder with a P4.17 billion loan to finance the expansion of the company’s Albuera, Leyte, shipyard. Emmanuel Herbosa the president and chief executive officer of DBP shared that the bank had signed a term loan agreement with Megaship Builders Inc. to upgrade and improve its shipbuilding complex’s capacity. In …

KUALA LUMPUR – The Budget 2021 is expected to worth around RM330 billion, a 10% increase from the RM297 billion Budget the previous year. PwC Malaysia Deals Partner, Economics and Policy Patrick Tay said that he believes the Budget 2021 will be aimed to sustain fiscal stimulus to help the country recover back into the growth area. With the budget …

In order to create a sovereign wealth fund to attract investment and boost the economy, the Indonesian government is planning 75 trillion rupiah (S$6.8 billion) in cash. Global heavyweights have shown interest in joining the United States and the United Arab Emirates. The creation of a sovereign fund, to be known as the Investment Authority of Indonesia, is part of …

Palang Pracharath will not interfere with the choice of the new finance minister which Prime Minister Prayut Chan-o-cha will decide on Wednesday, Party leader Prawit Wongsuwon said However, with the prime minister expected to make a fast decision, stalwart party and Santi Prompat, deputy finance minister, has already thrown his hat into the ring, saying he was ready for promotion. …

Here’s something new, folks. According to Thai media, the President of the Thai Bankers’ Association, Predee Daochai, is tipped to be the next finance minister. The name was listed after four ministers that make up the cabinet ‘s economic team headed by Somkid Jatisripitak resigned. The 61-year-old banker has reportedly briefed the government on a variety of issues like the …

As part of its pledge to assist them through this difficult period, local stock exchange operator Bursa Malaysia Securities Bhd has released a transparency guideline on Covid-19 relevant impacts and investments for listed firms. Bursa Malaysia said, based on its observation of recent disclosures made by listed issuers related to the effect of Covid-19, it felt that there was scope …

This year, Malaysia will double the limits for online settlement, as the rush of small investors into stocks helped push the market into bull territory. In the second half, the Securities Commission would require up to RM100,000 regular electronic settlement, from the current cap of RM30,000 to RM50,000, said executive chairman Syed Zaid Albar in an emailed reaction to request. …