MANILA, Philippines — Bank of the Philippine Islands (BPI) expects the peso to weaken back to 50 to $1 level on the back of declining foreign exchange inflows amid the displacement of more overseas Filipino workers (OFWs) due to the global coronavirus pandemic. BPI lead economist Jun Neri said the local currency is likely to […]
Read MoreConsumer confidence picked up for a third straight month in July, boosted by state relief programmes and the continued easing of coronavirus curbs. The University of the Thai Chamber of Commerce (UTCC) reported on Friday that the consumer confidence index rose to 50.1 in July from 49.2 in June, 48.2 in May and 47.2 in April. […]
Read MoreThe lifestyle-driven spending habits of millennials, as well as the general public’s slow adoption of technological developments in finance, are among the challenges to increasing financial literacy in Indonesia, fintech players have stated. A financially literate person, according to the Financial Services Authority (OJK), has knowledge of financial institutions and financial products, including the features, […]
Read MoreThe Australian Ambassador to Cambodia Pablo Kang, and Preah Sihanouk Provincial Governor Kuoch Chamroeun, launched Australia’s support for a “smart city” strategy for Sihanoukville. “COVID-19 disruptions require new and innovative approaches to service delivery and city development, as government budgets come under pressure,” Ambassador Kang said. Funded by Australia’s Investing in Infrastructure (3i) programme in […]
Read MoreMyanmar, like many other countries, has shut down it’s the tourism industry since the emergence of the Covid-19 and is now planning to relaunch the industry for foreigners by allowing travelers from ASEAN and Asia in the fourth quarter this year, according to the Vice President U Henry Van Thio, who chairs National Committee for […]
Read MoreThe Hanoitimes – Prior to the passage of the PPP law, Vietnamese authorities had been struggling to attract private capital to the country’s burgeoning infrastructure sector. A new law on Public-Private Partnership (PPP) will present tailwinds to growth of Vietnam’s infrastructure sector, according to Fitch Solutions, a subsidiary of Fitch Group. On June 18, the Vietnamese […]
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Thailand
