MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) may no longer raise policy rates in December as inflation is expected to ease toward the end of 2019, giving it space to bring down the reserve requirement for banks, the chief economist of the Bank of the Philippine Islands (BPI) said yesterday. In a briefing, BPI lead […]
Read MoreSoutheast Asia has this month taken a groundbreaking step in developing its booming digital economy with an agreement by the Association of Southeast Asian Nations on facilitating cross-border e-commerce transactions. The idea is to ease restrictions on entrepreneurs in this fast-growing region. But the truth is that instead of assisting local tech businesses Southeast Asia […]
Read MoreKUALA LUMPUR: The inflation rate in October rose 0.6% from a year ago due to higher price for housing and food but Kuala Lumpur exceeded the national rate to increase by 1.3%. The Statistics Department said on Friday the inflation rate, as measured by the Consumer Price Index (CPI), increased in line with the forecasts […]
Read MoreBank of Thailand governor Veerathai Santiprabhob has signalled an imminent hike in the policy interest rate, arguing that higher interest rates won’t be an impediment to economic growth and that the need for an ultra-loose monetary policy is less important. Any monetary policy tightening will be data-dependent, he said, and a degree of monetary policy easing […]
Read MoreSINGAPORE aims to become a hub for future services in the region within the next three to five years under what the city state is promoting as its Services 4.0 scheme. S. Iswaran, the Minister for Communications and Information, said at SG:Digital Industry Day in Singapore that the country plans to provide Services 4.0 as […]
Read MoreThe Hanoitimes – The Industry 4.0 would open up more opportunities for Vietnam to develop industry and trade. The comparative advantage of Vietnam’s current economic growth model, which relies on natural resources and labor-intensive production, is gradually diminishing in face of the Fourth Industrial Revolution, also known as Industry 4.0, according to Tran Hong Quang, director […]
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