3i debt management investments

The Securities and Exchange Commission (SEC) recently issued SEC Memorandum Circular 33, series of 2020 (MC 33, s. of 2020) or the “Amendments to the Implementing Rules and Regulations (IRR) of the Investment Company Act (ICA), as amended.” This comes after the rules were issued on Dec. 19, 2017, and so there was a need to update these to make them more relevant, clearer and easier to use by regulated entities, and also on account of some procedural matters to ensure that shareholders and unitholders are adequately protection. Also, the amendments seek to align the rules with global standards and practices in order to develop the Philippine capital market and help prepare investment companies to qualify and compete in international cross-border transactions. Note that Section 35(a) of Republic Act (RA) 2629 — the ICA’s formal name — and Section 72 of RA 8799, or the “Securities Regulation Code” (SRC), vested on the SEC the authority to make, issue, amend and rescind rules, ... » Learn More about SEC’s amendments to the IRR of the ICA, as amended

Running a business is far complicated from an easy job. In fact, businesses owners are said to have stress levels as high as anyone else if not more. It has forever been thought that owning your own business absolves you of stress. This is far from the case. Business owners are people who have to manage the business, their own household and ensure that the employees get paid on time so that they too can take money home to their families. The business owner or the person managing the company has an immense task of making sure that everything goes right. The fact that they have to invest and make sure that the investment pays off, in the long run, is bad enough. It’s a major burden to take a risk like that and know that you are responsible. You are responsible for the entity in society and the lives which it effects, your own included. Though debts have forever been seen as this monster which you need to be aware of all the time, it is important to understand how imperative it is ... » Learn More about Eight Things to Avoid When Applying for a Business Loan

Bank of Thailand Governor Veerathai Santiprabhob says that businesses and governments should prepare for “the current world of volatility.” . . BANGKOK – Businesses and emerging Asian Countries must brace for a time of volatility by stepping up foreign exchange hedging and lowering their dependence on foreign currencies and financing, Bank of Thailand Governor Veerathai Santiprabhob said in an interview with the Nikkei Asian Review on Friday. Thailand recently began talks with Indonesia to promote settlement for trade and investment between the two countries in their local currencies instead of in the U.S. dollar. “This is an example of benefits of promoting one form of regional financial connectivity at a time when the global financial environment is very volatile,” Veerathai said. Much of the cross-border transactions within Asia are quoted in U.S. dollars. In 2015, 84% of trade between Thailand and Indonesia was via the dollar. But the “dollar has become very ... » Learn More about Bank of Thailand Governor Says We Must Brace for a Time of Volatility

People browse cars displayed at the Bangkok International Grand Motor Sale 2020. (Photo by Somchai Poomlard) Auto loan providers have launched new debt restructuring packages to control non-performing loans (NPLs) after forecasting higher bad debts in the first quarter due to the impact of the pandemic. Tisco Bank, the country's leading automotive lender, introduced a debt pay-off campaign for customers purchasing commercial vans, who largely operate in tourism-related businesses and have been battered by the pandemic. The bank launched the campaign late last year for businesses operating tour vans, which are considered on a case-by-case basis, said president and chief operating officer Sakchai Peechapat. The solution is a financial instrument to help customers who cannot service their debts to close their loan accounts and maintain a good credit record with the National Credit Bureau. Instalments for borrowers average between 15,000-25,000 baht per month. Given the ... » Learn More about Campaigns aim to ease auto loan stress

Building on a relationship spanning two centuries, Thailand and the United States took an important step forward to work even closer together. Elevating our already strong and dynamic relationship over the Mekong River. On Friday, along with Deputy Prime Minister Don Pramudwinai and officials from the four other countries in the lower Mekong basin, the United States launched the new Mekong-U.S. Partnership, which will also build on decades of collaboration and $3.5 billion in U.S. assistance provided under the Lower Mekong Initiative over the past 11 years. In upgrading our efforts with the Mekong-U.S. Partnership, the United States will support even greater connectivity and development in the region for years to come. With more than $150 million in regional initiatives already in the pipeline, our cooperation through this partnership will also expand to include the full range of economic, security, governance, health, and environmental efforts – a fitting approach to collectively ... » Learn More about US Ambassador to Thailand: Building the Mekong River-U.S. Partnership

In 2019, the Philippines government debt-to-gross domestic product (GDP) ratio stood at 41.5 percent, and last year’s negative GDP growth of 9.5 percent raised this higher. The ratio will also increase because of higher government spending, though it is still low compared to that in other countries. The ratio is at the same level and those in strong European economies. In my view, this strong fiscal situation leaves room to support the domestic economy, but the fiscal firepower used must be well-considered. Most Western countries are also facing these challenges, though governments in the old economies have a mental barrier because they trust in a zero-risk solution for their societies. In contrast, emerging economies have a better understanding of risk management. The Philippines is one example; despite the different quarantines imposed across the country, these have been eased since June. This doesn’t mean the coronavirus has disappeared, but the current number of new infections ... » Learn More about The Philippines in a difficult outperformance

Things have changed. In some cases they’ve changed a lot and may never be the same again. Many people are suffering as a result of the impacts of lockdowns and the border closures. Entire industries, like aviation and entertainment, have been profoundly affected. Some people are being forced to re-invent their lives as a result. Fears over Covid-19 are causing people to change their habits and re-evaluate their lives. Here are some of the main things we believe have changed since January this year. Face Masks The now ever-present face mask will be with us for a long time. In Asia, it was never uncommon to see people wearing face masks for traffic, air pollution, fears of disease or just as a fashion statement. In the Covid-era, mask wearing will now just become part of what we wear when in public spaces. When we leave home we’ll check if we have our keys, our wallet AND our face mask. Even when the government relaxes the current laws about the wearing of face masks, most ... » Learn More about Top 10 things that changed in Thailand during the Covid outbreak

This photo taken on July 6, 2017 shows migrant workers changing money from Thai baht to Myanmar kyat at the Myanmar imigration office in Myawaddy. (AFP) A group of garment workers in Mae Sot who were illegally underpaid while making products for global brands including Starbucks and Walt Disney Co are taking legal action to demand compensation after losing their jobs last year. A Thomson Reuters Foundation investigation in September 2019 found dozens of migrants from neighbouring Myanmar working at several factories in the western region of Mae Sot were paid less than the daily minimum wage of 310 baht. Located 500km north of Bangkok, Mae Sot is the main entry point into western Thailand and a trade hub home to about 430 factories and at least 44,500 workers -- mainly migrants seeking to make money to send back to their families. Following the expose, officials raided two garment factories and ordered the owners to pay wages owed to their workers. Owners of one of the ... » Learn More about Underpaid migrant factory workers in Mae Sot launch legal action

CORRECTION: In the first story Jett referred to a Chinese man losing 130 billion baht. The correct amount was 130 million baht. We apologise for the error. Hundreds, perhaps more than 400, investors have been defrauded by a bank manager at a Kasikorn bank branch in Pattaya. The manager, named in a police report as “Mr. Gob”, was promising investors 3.5% interest, per month, yes… PER MONTH… for cash investments. It appears his high interest rate attracted hundreds of people wanting to take advantage of the generous terms. One investor, who only found out about the scam yesterday when he visited the branch for his monthly rolling over of funds, told The Thaiger that he has lost 250,000 baht at this stage, with no official response from the Kasikorn head office in Bangkok yet being made about the situation. Mr B, who has asked us to protect his identity, knows of some investors who invested many millions of baht and even one Chinese man who had allegedly invested 130 million ... » Learn More about Thailand News Today | Pattaya bank scam & Burmese coup update | February 2

The United Nations Food and Agriculture Organization (UN-FAO) is developing a pioneering jurisdictional-level platform for Palawan province for the management and monitoring of forest landscape and climate finance investments. Glenn Gregorio, Southeast Asian Regional Center for Graduate Study and Research in Agriculture (Searca) director, said the UN-FAO has commissioned Searca to lead the project. UN-FAO will fund the project. Gregorio said forests play a crucial role in climate change mitigation both as a sink and a source of carbon, and to achieve significant emissions reduction. He added that investment in forest landscape and climate finance is needed to support scalable approaches and programs such as Reducing Emissions from Deforestation and Forest Degradation (REDD+). “Private investor engagement is key to the sustainability of environmental efforts and thus the demonstration of profitable business models for forest restoration that target environmental and social ... » Learn More about UN-FAO taps Searca for Palawan green project