MANILA, Philippines — The plan of central banks across the world to create digital currencies could have profound consequences for global banks, according to Moody’s Investors Service. In a report, Moody’s said the accelerating trend toward digital payments amid the COVID-19 pandemic is considered by many central banks to be a long-term threat, both to […]
Read MoreKUALA LUMPUR: China remains Malaysia’s largest foreign investor in the manufacturing sector for the fourth consecutive year since 2016, with 32 foreign direct investments (FDIs) amounting to US$452.43mil (RM1.87bil) approved in the first six months of 2020. Deputy International Trade and Industry Minister Datuk Lim Ban Hong said Malaysia approved 79 FDIs worth US$3.74bil (RM15.5bil) […]
Read MoreSUSTAINABILITY is fast gaining traction in Singapore’s capital markets, with the Republic’s investors and issuers among the world’s most enthusiastic about sustainable infrastructure investment, according to a recent survey by HSBC. In particular, Singapore’s issuers and investors see strong potential in sustainable infrastructure investment, recording scores above both the regional and global averages alongside Hong […]
Read MoreThe Bank of Thailand has expressed concern that the ongoing anti-government rallies could further weaken domestic consumption and tourism. The central bank needs to keep a close watch on the situation, said newly appointed governor Setthaput Suthiwart-Narueput, who succeeded Veerathai Santiprabhob on Oct 1. “Basically, the political factor is one of the uncertainties,” Mr Setthaput […]
Read MoreMANILA, Philippines — The Philippines has the fourth worst pension system among 39 countries, according to a study which benchmarks retirement income systems across the globe. Based on the 2020 Mercer CFA Institute Global Pension Index, the Philippines’ retirement system ranked 36th out of 39 countries, with an overall index value of 43. The country’s […]
Read MoreCambodia’s export of travel goods and bags are expected to rise to about $1 billion in 2020 while the number of factories producing the products increased to 101. Speaking at a meeting on the implementation of Better Factories Cambodia (ILO-BFC) project for travel goods and bag factories and enterprises Ith Samheng, Minister of Labour and […]
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