Thai commercial banks asked to suspend interim dividends and share buybacks

The Bank of Thailand has asked commercial banks to suspend interim dividend payments for this year and to delay share buybacks, in order to maintain strong capital reserves to help businesses when the COVID-19 situation eases. BoT Governor Veerathai Santipraphob explained the rationale, saying that there is still a lot of uncertainty over when the […]

IMF deploys emergency financing for 70 countries amid COVID-19 pandemic

The International Monetary Fund (IMF) has said it is expected to deploy emergency financing for 70 countries by Friday as the COVID-19 pandemic continues to ripple across the globe, IMF spokesperson Gerry Rice said at a virtual press briefing Thursday that “tomorrow we expect that number to be 70, so 70 countries supported by the […]

Thousands of protesters demand Mali president step down

Tens of thousands protested in Bamako on Friday demanding the Malian president resign or face civil disorder despite political concessions offered in response to mounting frustration over the many crises afflicting the west African nation, Trend reports citing Reuters. President Ibrahim Boubacar Keita, re-elected in 2018 for a second five-year term, is struggling with a years-long security […]