MANILA, Philippines — Bank loans extended to micro, small and medium enterprises (MSMEs) that are booked in compliance with the reserve requirements reached P120.9 billion as of Oct. 1 as the Bangko Sentral ng Pilipinas (BSP) continues to extend regulatory relief measures amid the pandemic. BSP Governor Benjamin Diokno said the amount used as compliance […]
Read MoreMoney sent back by Cambodian migrant workers in 2020 is projected to decline to $1.4 billion because of COVID-19, according to a World Bank report. The report, called “Migration and Development Brief Phase II”, released on Thursday, shows formal remittances to East Asia and the Pacific region are projected to fall by 10.5 percent in […]
Read MoreWith well over a million users, China’s leading mobile-payments system, Alipay, posted $17.3 trillion in payment volume in China alone and $91.2 billion from abroad. Alipay generated $8.049 billion primarily from merchant-acceptance fees during its fiscal year ending June 2020. Because of this, Ant Group, Alipay’s parent company, is eyeing to raise some $34.5 billion […]
Read MoreAs the economic slowdown and political turmoil are likely to persist, tour operators have found more travellers looking for spiritual tour packages. Thanapol Cheewarattanaporn, president of the Association of Domestic Travel (ADT), said there has been a rise in demand for tour packages focusing on spiritual activities, including trips to famous temples to pray for […]
Read MoreAt a time when many small and medium enterprises (SMEs) across Cambodia are either closing down or struggling to remain open, Kampot remains positive as more local investment keeps the coastal town booming. Multiple new businesses are popping up around the town of Kampot, ranging from bars, restaurants, guesthouses and even adventure tour companies. However, […]
Read MoreCOVID-19 has had an unprecedented impact on small and medium-sized businesses as well as large multinationals. Notwithstanding this very challenging environment, businesses could take advantage of the uncertain times and leverage opportunities to review, reset and restructure certain sections of their supply chains. By renewing their strategies in response to this disruption, they may seize […]
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Thailand
