Singapore will soon adjust its debt moratorium schemes, with the regulator looking to extend the programmes to certain borrowers beyond December 31 this year, while also ensuring that those with the ability to pay should begin repayment before the moratoriums expire.
The MAS earlier said that in Singapore, 12 percent of the economy is at the epicenter of the COVID-19 crisis (Photo: straitstimes.com).
Singapore (VNA) – Singapore will soon adjust its debt moratoriumschemes, with the regulator looking to extend the programmes to certainborrowers beyond December 31 this year, while also ensuring that those with theability to pay should begin repayment before the moratoriums expire.
The Monetary Authority of Singapore (MAS) earlier said that in Singapore, 12percent of the economy is at the epicenter of the COVID-19 crisis. Companies insectors hit hardest, specifically construction, travel-related, andconsumer-facing services, are expected to take some time to recover.
Certain industries or activities may be permanently impaired by the crisis dueto a range of factors, including a shift in supply chains and consumer demandpatterns, according to MAS managing director Rai Menon at the central bank’sannual report briefing.
Maybank-Kim Eng earlier estimated that about 12 to 16 percent of total loansare under moratorium and other relief schemes from the local banks.
The three local banks inSingapore are estimated to have granted payment deferments to more than 15billion SGD (10.94 billion USD) worth of mortgages as at the end of June thisyear, data from the MAS had shown. The total value of deferred mortgages inSingapore as of the end of June makes up almost 10 percent of all outstandingmortgages.
All in, Singapore’s fiscal outlay in response to the pandemic has stood at some93 billion SGD so far, the largest in this country’s history./.
Singapore’s employment fell by a record 103,500 in the second quarter of 2020, four times higher than that in the previous quarter, according to the Ministry of Manpower's Labour Market Report released on September 14.
A robot carrying out nasal swabbing to diagnose Covid-19 has been developed by Singaporean clinicians, who say the automated procedure is safe, faster and more comfortable compared with manual swab tests.
The confidence in business activities of small- and medium-sized enterprises (SMEs) operating in Singapore for the remaining months of 2020 falls to the lowest level since 2009, as the COVID-19 pandemic has constrained global growth and slowed economic activities around the world.
The forum, which involves global experts and creative leaders from across 14 cultural sectors, aims to expand Thailand’s presence on the world stage through innovation and cultural exchange.
In his article, Oscar Sanchez Serra highlighted President Ho Chi Minh’s founding of the Thanh Nien (Young People) newspaper on June 21, 1925, which marked the birth of Vietnam's revolutionary press rooted in a bold and far-sighted vision.
Several ASEAN meetings are scheduled to take place in Port Dickson this September, including the Senior Officials' Meeting (SOM) for ASEAN Plus Three (APT), the East Asia Summit (EAS), the 15th ASEAN Maritime Forum, and the 13th Expanded ASEAN Maritime Forum.
Thailand's Prime Minister Paetongtarn Shinawatra has ordered the urgent implementation of a national policy to crack down on all forms of call centre scams, online fraud, and illegal gambling, which are now considered threats to national security.
Coordinating Minister for Economic Affairs Airlangga Hartarto and EAEU Trade Minister Andrey Slepnev jointly declared the conclusion of FTA talks on the sidelines of the 28th St. Petersburg International Economic Forum (SPIEF 2025), according to the statement.
The article stressed that throughout his revolutionary career, the founder of modern Vietnam consistently regarded the revolutionary press as a vital part of the Vietnamese Party’s and nation’s revolutionary struggle.
Pichai said the trade talks with the US are important and need to move forward professionally, without regard for any political changes in Thailand, believing that Thailand has clear principles, guidelines and procedures in place.
The tax adjustment supports the Malaysian Government’s strategy to reduce reliance on foreign food supply chains and to assist domestic farmers, a finance official has said.
The proposed venue is located in the Chatuchak area of Bangkok, featuring eight public sites, including Krungthep Aphiwat Central Terminal and several nearby parks.
Connectivity is expected to improve further with the completion of the fifth Laos–Thailand Friendship Bridge by the end of 2025, facilitating logistics and agricultural exports to Vietnam, Thailand, and China.
Two naval gunboats intercepted a fishing vessel carrying 1.5 tonnes of methamphetamine hydrochloride off the coast of the main island of Luzon just before dawn, in a joint operation with the Philippine Drug Enforcement Agency.
In the today context of socio-economic development and growth, the professionalism of Vietnam’s revolutionary journalists continues to rise, guided by exemplary mastery of new information technologies and the modernisation of their founding principles to preserve the enduring values of revolutionary journalism.
Thai Permanent Secretary of the Ministry of Commerce Vuttikrai Leewiraphan Thailand's formal proposal will be substantial enough for the US to consider further detailed negotiations. He hoped for a tariff rate not exceeding 10% and suggested that the US might extend the negotiation period if an agreement is not reached by the July 8 deadline.
Organised by the Ministry of Culture and the Association of Thai Silk & Culture Promotions, the event honors Her Majesty the Queen on her 47th birthday anniversary and promotes Thai craftsmanship on an international stage.
Prensa Latina's recent article on Vietnam’s assurance of smooth and effective transition to a leaner structure highlighted Prime Minister Pham Minh Chinh’s latest directions on implementing 28 resolutions regarding the decentralisation and delegation of authority.
The lab focuses on four key thematic areas: energy transition and green innovation, sustainable agriculture, circular economy and sustainable cities, and nature-based solutions and biodiversity.
The key content of the document titled "Accelerating Innovative Strategies: Addressing the OOSCY Challenges" will be refined further in a seminar preceding the 47th ASEAN Summit in Kuala Lumpur this October.
The MAS earlier said that in Singapore, 12 percent of the economy is at the epicenter of the COVID-19 crisis (Photo: straitstimes.com). 
