UAE, Saudi central banks roll out $40 billion stimulus for virus-hit economies
DUBAI/RIYADH (Reuters) - The central banks of the United Arab Emirates (UAE) and Saudi Arabia, the two largest Arab economies, on Saturday announced stimulus plans worth a combined $40 billion to ease the impact of the coronavirus outbreak in their r...
Urgent: European Commission Calls for Startups and SMEs With Solutions to Tackle Coronavirus Outbreak
The European Commission is calling for startups and SMEs with technologies and innovations that could help in treating, testing, monitoring or other aspects of the Coronavirus outbreak to apply urgently to the next round of funding from the...
Shopee to export Indonesian small businesses’ products to the Philippines
E-commerce firm Shopee plans to export millions of Indonesia-made products to the Philippines by the end of March as it seeks to strengthen its footing in Asia despite risks from the COVID-19 pandemic. “We are starting the expansion wit...
Germany unleashes massive €550 bil package against virus
BERLIN: The German government on Friday unleashed the biggest economic aid package in the country’s post-war history, offering companies “unlimited” credit to keep them afloat during the coronavirus crisis. “There is no upp...
Banks, SMEs can work together to lower borrowing risks
Banks could work with small and medium-sized enterprises (SMEs) and trade associations to possibly lower companies' borrowing risks and interest rates, said Deputy Prime Minister and Finance Minister Heng Swee Keat yesterday. If there are acti...