Siam Commercial Bank’s (SCB) digital lending arm Monix has launched a nanofinance service for low-income earners, with a loan target of 300 million baht for the first year of operation. Monix, in collaboration with Chinese tech unicorn Abakus, has extended 20 million baht worth of nanofinance loans to 3,000 customers since the business’s debut on […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) has once again warned the public against schemes that are using the name of Finance Secretary Carlos Dominguez to promote bogus cryptocurrency investment platforms. In a statement, the DOF alerted the public about false information circulating online regarding a fake cryptocurrency auto-trading platform called Bitcoin Revolution. “We […]
Read MoreThe Indonesian economy faces gloomier skies this year as the COVID-19 pandemic has yet to show any signs of subsiding, forcing government officials, the central bank, economists and international institutions to project weaker and weaker growth as the outbreak unfolds. The Asian Development Bank (ADB) projected Indonesia’s gross domestic product (GDP) to shrink 1 percent […]
Read MoreThe Hanoitimes – Tour operators, battered by the Covid-19 pandemic, are waiting for the resumption of international air services. As partners in the source markets are inquiring about starting to send tourists to Vietnam, many Vietnamese travel businesses are working on resuming inbound services though they haven’t known yet when Vietnam would allow foreign entry, The Saigon […]
Read MoreMANILA, Philippines — Deutsche Bank expects the Philippine economy to contract by a sharp 10 percent in the second quarter due to the business shutdowns when Luzon was placed under enhanced community quarantine on March 16 to limit the spread of the coronavirus disease 2019 or COVID-19 outbreak. Michael Spencer, chief economist and head of […]
Read MoreAlthough local tourists will be key to a tourism recovery, hoteliers should prepare for a change in foreign tourist behaviour, says Proud Group, a leisure and hospitality development firm. The group’s director, Proudputh Liptapanlop, said the tourism business in the second half will depend largely on domestic tourists because of outbound travel bans and the […]
Read More
Thailand
