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Myanmar: Many are ready to move on from cash

Sixty-four percent of people surveyed in Myanmar are eager to open a bank account and utilise latest payment systems, according to Visa’s latest study. The majority of people in Myanmar wish to have access to banking services and cashless payment methods, such as credit and ATM cards, mobile payments, contactless payments and payment via QR […]

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GDP growth in the Philippines at three-year low

MANILA: Economic growth in the Philippines weakened to a three-year low last quarter, missing all economists’ estimates. Stocks and the peso fell. Gross domestic product (GDP) rose 6% in the second quarter from a year earlier, the Philippine Statistics Authority said in a briefing in Manila. That was the weakest pace since 2015, according to […]

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Google Indonesia eyes 10 million SME partners by 2020

Google is eyeing 10 million small and medium enterprises (SMEs) in Indonesia to avail themselves of its business services by 2020. The company had begun to offer training courses for SMEs in Indonesia in 2015 and currently served 1 million SME customers, Google Indonesia marketing head Veronika Utami said on Friday, adding that the participating […]

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Philippines boosts rates despite economic slowdown

The Philippine central bank hiked its key interest rates by a decade-high 50 basis points on Thursday as it moved to curb inflation, while downplaying the impact its action would have on slowing economic growth. The monetary authority acted hours after the government announced a 6.0 per cent growth in the second quarter, a sharp […]

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