MANILA, Philippines — The national government’s fiscal gap narrowed in October as the growth in state revenues outpaced the increase in disbursements, the Bureau of the Treasury (BTr) reported yesterday. According to the latest cash operations report of the BTr, the government’s budget deficit declined by 17.71 percent to P49.3 billion in October from P59.9 […]
Read MoreInternational steel manufacturing companies in the Thilawa Special Economic Zone near Yangon have been looking for opportunities to ramp up their capacity to produce in anticipation of greater demand. “Compared with neighbouring countries, steel production in Myanmar is just 50,000 tonnes. But there is a lot of potential as the country needs a lot of […]
Read MoreBankers in Southeast Asia have been urged to focus on digital innovation to improve their operations. The bankers were encouraged to adopt the latest technology in the industry at the Asean Banking Conference, held yesterday in Phnom Penh. The three-day event, which focused on the digital transformation of banking and financial services in Asean, was […]
Read MoreThai millennials’ spending on ‘must-have items’ amounts to 1.37 trillion baht a year, representing 13% of the country’s GDP, and half of them owe debts, while one-fifth of debtors have defaulted, according to TMB Analytics. Gen Y, those born in 1981-96, total 14.4 million people in Thailand and 7.2 million of them are indebted, said […]
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Thailand
