HONG KONG, China — Asian markets edged lower on Friday as investors weighed concerns over economic growth and virus outbreaks and risk aversion set in following dovish comments from the Federal Reserve chief. Fed Chair Jay Powell reiterated the central bank’s plan to maintain stimulus initiatives until the economy fully recovers while Treasury Secretary Janet […]
Read MoreSyn Mun Kong Insurance on Friday announced it was cancelling its Covid-19 insurance policies with customers, saying the rapidly deteriorating situation made the risk unmanageable. In a message on its Facebook page, the SET-listed insurance firm said Covid 2-1 insurance policies for all clients would be terminated 30 days after they receive a letter from […]
Read MoreFifty-seven money changers closed their operations over the past year, while the volume of money exchanged plunged by over 600%, mainly due to the country’s suspension of cross-border travel amid the Covid-19 pandemic. According to data from the Bank of Thailand, as of May 2021, the total number of money exchange service providers was 2,334, […]
Read MoreMANILA, Philippines — The Philippine economy is expected to turn in a strong second quarter performance, but sustaining such growth hinges on the reopening of economic activities to bring back consumption and boost business confidence, the country’s top economic planner said. During the Economic Journalists Association of the Philippines forum yesterday, Socioeconomic Planning Secretary Karl […]
Read MoreTHE Asean Financial Innovation Network or AFIN is launching a new digital currency sandbox so that banks and fintechs can experiment with central bank digital currency applications, or CBDCs, and drive global adoption. The not-for-profit entity jointly formed by the Monetary Authority of Singapore (MAS), the International Finance Corporation and the Asean Bankers Association has […]
Read MoreCambodia represents an attractive opportunity for agricultural producers based in the United States, according to a report issued by the US Department of Agriculture (USDA). The recently published “Cambodia Exporter Guide” said “Cambodia remains a potential market for US agricultural products thanks to its young population, a growing middle-income class and rising demand for high-quality […]
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Thailand
