MANILA, Philippines — Monetary authorities are likely done with their easing cycle at least this year after slashing interest rates by 75 basis points due to the continued downtrend in inflation, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno. “It’s likely closed. I think everybody is happy,” Diokno said. The BSP has two […]
Read MoreThe Digital Economy and Society (DES) Ministry’s demand that all cafes store data passing through their WiFi connections has drawn flak from shop owners, especially small-scale operators, who said the measure would impose a financial burden on them, including server expense. Digital Economy and Society Minister Buddhipongse Punnakanta said on Tuesday that coffee shops must keep the […]
Read MoreDespite apprehensions from some sectors, property experts said that Cambodia’s online gambling ban is a sensible move that could benefit the Kingdom’s property sector. In separate interviews this week, Dr Raymond Choi, chairman of Prestige Homes, and Paul Ellender, manager of Freer Properties (Cambodia), said that while there will be negative effects at first, the […]
Read MoreData-driven performance marketing company, Heroleads, recently released a report on Southeast Asia and Thailand’s digital transformation that also forecast the most influential trends likely to impact local and international businesses across Thailand in the coming years. Heroleads highlighted the growth of mobile ad spending, which accounts for over 51 per cent of the total digital […]
Read MoreThe Tourism and Sports Ministry has decided to delay plans to collect a tourism levy from foreign visitors. Last Wednesday, permanent tourism secretary Chote Trachu said the levy could result in psychological deterrence among foreign visitors and further harm the stagnant sector. In May, Mr Chote announced that the ministry had studied the feasibility of […]
Read MoreA special agreement for Myanmar to export maize to Thailand has ended, the government announced recently. The deal was initially signed last year after China imposed restrictions on its imports of maize. In search of new markets for its maize, Myanmar negotiated a deal with Thailand. “The timeframe for the exports of Myanmar maize to […]
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