Banks are pushing the sale of life insurance products (bancassurance) in the context of low credit growth since the beginning of this year due to the impacts of the COVID-19 pandemic. Bancassurance has become popular in recent years when banks and insurance companies increased cooperation to tap the potential of the profitable and low-risk business […]
Read MoreHealthcare, food safety, remote work, renewable energy and mobile commerce are among growing sectors Thailand can capitalise on as new opportunities in the wake of the pandemic, says Line Thailand. “The pandemic is a big accelerator of technology consumption and behavioural change,” said Oliver Tonby, chairman of consulting firm McKinsey & Company, via a video […]
Read MoreXinhua – Thailand’s shipping council representing exporters projected in a report released Wednesday that the country’s export will contract 8 percent this year. The Thai National Shippers’ Council (TNSC) has revised upward its export projection this year to 8 percent contraction from 10 percent contraction previously forecast, said Ghanyapad Tantipipatpong, the council chair. Products in demand […]
Read MoreMANILA, Philippines — Virtual currency transactions skyrocketed in the first semester amid the shift in consumer behavior due to the COVID-19 pandemic, the Bangko Sentral ng Pilipinas said. BSP Governor Benjamin Diokno said in a virtual press briefing the value of virtual currency transactions tripled to P59 billion from January to June as volume soared […]
Read MoreThe director-general of the Department of Medical Services is backing the proposal to reopen the country to revitalise the virus-battered economy. Dr Somsak Akksilp said that not only was Thailand well prepared for a second wave of Covid-19 but that maintaining zero local infections was an unrealistic target since it was still not known when […]
Read MoreKUALA LUMPUR: Six mega-projects worth RM143.06bil, announced under Budget 2020, may potentially be rolled over into the upcoming budget given the delays and tender disruptions caused by the Covid-19 pandemic and the movement control order, CGS-CIMB Research said. In a note, the research house said the projects included the Kuala Lumpur-Singapore High-Speed Rail (HSR), which […]
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