Philippines rediscounted rates on loan availments by banking institutions remained stable at 3.75% per annum for all maturities for October this year, effective July 30. As reported by the Manila Times, for loans under the Exporters Dollar and Yen Rediscount Facility (EDYRF), the rates have been set at 0.21425% per annum and yen 0.13943% per annum for the period. Under the peso rediscount facility, total availments of commercial, rural and thrift banks amounted to PHP 32.761mn during the first nine months of the year, higher by 62.8% compared to the same period last year. |
Hong Kong's composite interest rate declined 3 basis points (bps) registering 0.25% in February this year. As reported by News.gov.hk, the decrease in the composite rates was due to the decline ... more
Thailand's government is likely to offer financial support for export-oriented small- and medium-sized enterprises (SMEs) and the indigenous industry, resulting in an increase in volume and value ... more
Singapore's small businesses are expected to be having concerns regarding the new and diverse government incentive schemes, which were announced in the recent Budget. As reported by ... more