Surprisingly, Bangko Sentral ng Pilipinas officially announced that there will be an extra P280 billion that can still be lent from monetary authorities by the government to raise its combat against the pandemic The BSP Governor Benjamin Diokno shared in a virtual press briefing that Republic Act 11494 or the Bayanihan to Recover as One Act (Bayanihan 2) granted the …

To reassure investors that their new wealth fund will not fall victim to corruption, Indonesia will need to come out of the shadows of neighboring Malaysia’s 1MDB scandal. In view of this, Isa Rachmatarwata, Director General of State Assets of the Finance Ministry shared that the Nusantara Investment Authority will take lessons from other sovereign wealth funds and follow a …

The Province of Isabela, which was recently hit by historic floods in the midst of the Ulysses typhoon strike, does not have adequate funds to screen people in coronavirus shelters. Whatever capital the province does have, It will be diverted into improving its relief facilities and evacuation centers. The governor shared that now that there is no further rain, they …

Handling Covid-19 outbreak certainly need huge amount of financial, especially when it has spread to almost regions across the country. Although every country are currently struggling with the condition, they also contribute to help other countries that need support to combat the virus. Indonesia has received US$3 million in aid from the United States to help battle the COVID-19 outbreak. …

US lawmakers passed a $8.3 billion emergency spending bill to combat coronavirus Thursday as health workers boarded a cruise ship off the San Francisco coast to check sick passengers and crew. A day after the House passed the bill, the Senate gave sweeping bipartisan support to the funding so that President Donald Trump could easily be sent to the White …

PUTRAJAYA – Dr Mahathir’s first official act as the interim prime minister of Malaysia was the announcement of RM20-billion stimulus lot to support the economy against the effects of the Covid-19 outbreak. Dr Mahathir also complimented the country’s health workers for efficiently holding Covid-19 in Malaysia. The country’s economic forecast was also reported today to grow at between 3.2 and …

KUALA LUMPUR – Muslim pilgrimage fund Lembaga Tabung Haji (TH) are not profitable, says Prime Minister Dr Mahathir Mohamad when he was asked to comment on the issue. The transfer of four Lembaga Tabung Haji (TH) hotels to ministry of finance subsidiary Urusharta Jamaah Sdn Bhd (UJSB) is not generating sufficient money returns, and that the subsidiary should think of …