MANILA, Philippines — Prices of key consumer items rose for a seventh straight month in July, fueling expectations that the Bangko Sentral ng Pilipinas will deliver another rate hike this week. Inflation jumped 5.7 percent last month, higher than June’s 5.2 percent and the fastest pace in over five years. In July last year, inflation was […]
Read MoreMoody’s yesterday warned the recently concluded general elections in Cambodia have raised the risk of international financing and aid agencies withdrawing their support for the country. The Financial Times yesterday quoted Moody’s saying Cambodia’s July 29 election which saw the ruling Cambodian People’s Party under strongman Prime Minister Hun Sen winning all the 125 seats […]
Read MoreProperty investors and condo buyers from overseas are awaiting clarity on Eastern Economic Corridor (EEC) regulations that will allow 100% foreign property ownership, according to a property consultant. Phattarachai Taweewong, senior manager at property consultant Colliers International Thailand’s research department, said the draft EEC act that was approved earlier this year has boosted not only the industrial […]
Read MoreKUALA LUMPUR: Ringgit declined to its lowest level this year on Tuesday as most Asian emerging markets currencies trade weaker amid concerns over an intensifying US-China trade war and following the dollar’s advance overnight. * US$/Ringgit climbs as much as 0.2% to 4.0860, highest since Dec. 27. * Support 4.0413, 4.0267, 4.0083; resistance 4.0883, 4.0920, […]
Read MorePutting Thailand 4.0 and a cashless society in place seems to be the dream of Thai policymakers and business tycoons, but the recent data leakage by two of the country’s major financial institutions has left many wondering whether the virtual dream is in fact a nightmare in the making. Cyber-attackers this month stole data belonging to […]
Read MoreThe Hanoitimes – Consumer finance has ample room for growth in Vietnam, however, it is necessary to improve the policy framework to make the sector more attractive to foreign investors, experts said. According to the National Financial Supervisory Commission, consumer lending in Vietnam surged sharply by 65 percent in 2017 compared to 50.2 percent in 2016. […]
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