MANILA, Philippines — Remittances from overseas Filipinos are expected to remain broadly steady this year despite the adverse impact of the coronavirus pandemic on the global economy, according to digital payments provider WorldRemit. Earl Melivo, WorldRemit country director for the Philippines, said the company sees the inflow of remittances to remain “resilient,” with a projected […]
Read MoreUsing environmentally friendly and recycled packaging has become a worldwide trend, forcing packaging manufacturers to adapt. Recycled plastics are gradually replacing regular plastics to deal with the persistent pollution tied to the industry, following policies issued by numerous governments to rein in plastic waste. Notably, in October 2018, the European Parliament approved new EU-wide rules, […]
Read MoreFacebook yesterday held a virtual Asia-Pacific (APAC) media day to discuss how the company has expanded its platforms to aid small and medium businesses through the pandemic. According to the social media giant, which owns the four most-downloaded apps – Facebook, Facebook Messenger, WhatsApp and Instagram – the day aimed to share pathways to economic […]
Read MoreKUALA LUMPUR: It is important to keep the interest rate as low as possible to lessen the debt burden of businesses and households, as well as to stimulate investment and consumption in the country, said Bursa Malaysia Bhd chairman Tan Sri Abdul Wahid Omar. Although the move would have negative impact on banks’ net interest margin, the […]
Read MoreForeign fund flows into Thai stock markets are expected to continue through next year, supported by positive global sentiment towards Joe Biden’s election victory in the US and successful trials of Covid-19 vaccines, says an executive of Stock Exchange of Thailand (SET). However, investors should monitor the performance of large listed companies, Thailand’s GDP performance […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is likely to further slash the benchmark interest rates as central banks in Asia-Pacific are seen keeping a highly accommodative stance to boost the recovery of their respective economies from the pandemic-induced recession, according to global rating agency Fitch Ratings. In its 2021 outlook titled “Growth […]
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