The Bank of the Lao PDR has warned commercial banks, businesses and members of the public not to buy, sell or use cryptocurrency for money transactions as this practice is illegal. The central bank’s Transaction System Management Department recently issued the warning after learning that cryptocurrencies such as Bitcoin, Ethereum and Litecoin have been advertised […]
Read MoreMANILA, Philippines — Strong foreign exchange inflows continued to strengthen the country’s balance of payments (BOP) position, recording a surplus for six straight months with $467 million in April, according to the Bangko Sentral ng Pilipinas. The latest figure was a complete reversal of the $270 million deficit recorded in April last year. The BOP […]
Read MoreSINGAPORE’S key non-oil domestic exports (NODX) extended their quarterly decline in the first three months of the year, posting a 6.4 per cent drop year on year, according to trade promotion agency Enterprise Singapore on Tuesday. This was much sharper than the 1.1 per cent drop in NODX in the final quarter of 2018. Both the […]
Read MoreThe Hanoitimes – The industrial and construction sectors remain the main driving force for economic growth, while consumer spending would be essential. The services sector in case of growing over 7.2% in 2019 could boost Vietnam’s GDP to be equivalent or even higher than last year’s growth of 7.08%, according to the Ministry of Planning and […]
Read MorePETALING JAYA: The increasing popularity of mobile payment due to the high mobile penetration rate is not seen as a material threat to Malaysian banks, according to RAM Ratings. In an email interview with StarBiz, RAM Ratings co-head of financial institution ratings Wong Yin Ching said such a mode of payment in the country is […]
Read MoreA discussion over the global economic outlook usually revolves around the likes of the US, Europe, Japan, China and India. But another economic powerhouse has emerged. Fueled by wealth creation and consumption, and an extremely digitally-savvy and sizable young population, ASEAN is an economic and digital force to be reckoned with. As a regional bloc, it […]
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Thailand
