MANILA, Philippines — The value of electronic money transactions in the Philippines surged by 36.2 percent to P1.48 trillion in 2019 from P1.09 trillion in 2018 and the amount is expected to rise further as the Bangko Sentral ng Pilipinas (BSP) promotes digitalization amid the coronavirus disease 2019 or COVID-19 pandemic. Vicente de Villa, managing […]
Read MoreThe Revenue Department has set its sights on drawing temples nationwide to participate in an electronic donation system amid rising charitable donation receipt forgery for tax claims. The department has increasingly been hearing about false donation receipts, said director-general Ekniti Nitithanprapas. Some have used the receipts for sales, while others asked monks to bump up […]
Read MoreCambodia has seen recent and rapid growth in digital and electronic payment services, where the platform is regarded as a key to promote the Kingdom’s financial inclusion. The National Bank of Cambodia (NBC)’s report of Project Bakong Next Generation Payment System shows that financial inclusion is a primary agenda for the NBC and digital payment […]
Read MoreExperts have forecast bank credit growth in the second quarter to reach 3.5-4 percent, much higher than the rate in the first quarter. In the first three months, the rates had been 0.1 percent, 0.07 percent and 1.1 percent as the COVID-19 pandemic severely impacted various industries and their demand for funds. Consumer demand and […]
Read MoreMANILA, Philippines — The Philippines continues to rely heavily on coal imports as it has consumed more imported coal than it produced last year, according to the Department of Energy (DOE). Government data showed the country used 33.12 million metric tons (MT) of coal last year. Of the total consumption, 26.98 million MT were from […]
Read MoreAs sporadic tensions flare over US-China trade, a fierce debate also continues at home, centred on whether Thailand should join a trade pact touted as creating the third-largest free trade area in the world. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a trade agreement involving a newly formed bloc of 11 Pacific […]
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