MANILA, Philippines — Term deposits yielded higher rates across the board on Wednesday amid the strong inflows of funds into the financial system as easing inflation and dovish US Federal Reserve give the Bangko Sentral ng Pilipinas (BSP) more room to ease policy stance. The yield of the seven-day tenor inched up by 1.74 basis […]
Read MoreVisa Inc. has become the latest investor in ride-hailing giant Go-Jek as the two companies push digital payments across Southeast Asia. The world’s biggest payments network has invested an undisclosed amount in Go-Jek as part of the Indonesian company’s ongoing series F fundraising round, the two companies said Wednesday. The move follows Go-Jek’s announcement this […]
Read MoreThe Hanoitimes – Vietnam’s certification is only a source of reference for US customs, as they have their own measures to check the origin of export products. Electronics and machinery products are made of different components and parts, requiring full transparency regarding products origin in customs documents shown to the US authorities to avoid heavy […]
Read MoreThe Chin State government wants to prioritise a number of hydropower projects in order that more development can come to the state, which is the poorest in the Union. The state, bordering Bangladesh and India in western Myanmar and traversed by a number of mountain ranges with fast-flowing rivers, has seen much interest from foreign […]
Read MoreThe Bank of Thailand says the impact of a policy rate cut to tame offshore fund inflows would be limited and it stands ready to enact additional measures if recent moves fail to contain the baht. Interest rates are not the main factor drawing foreign fund inflows, as seen by the influx of funds to […]
Read MoreKUALA LUMPUR: S&P Global Ratings believes the economic risk in Thailand remains high on a global comparison due to its low per capita GDP despite its diversified economy. In its report entitled “Banking industry country risk Assessment: Thailand” issued on Monday, it pointed out the slower credit growth in the past couple of years amid […]
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