MANILA, Philippines — The government’s budget shortfall widened to P116 billion in February as pandemic response expenditures outpaced revenue collections by a wide margin, according to the Bureau of the Treasury (BTr). The latest budget deficit figure was more than three times the P37.6 billion shortfall in the same period last year, driving the year-to-date […]
Read MoreMany Vietnamese exporters have seen a sudden increase in profits during the COVID-19 pandemic. VRG Khai Hoan JSC said it was in a state of full capacity and often had to refuse orders. The company’s orders were only enough to run 70-80 per cent of factory capacity before 2019. When the COVID-19 pandemic started last year, […]
Read MoreThe Mall Group is set to return to digital commerce after 15 years by using its offline expertise to build a complete omnichannel experience under a three-year strategic roadmap. Supaluck Umpujh, the company’s chairwoman, said the digital commerce strategy, which will target Thai shoppers will resume next Wednesday after the company had put online shopping […]
Read MoreThe representative of the Japan International Cooperation Agency (JICA), Shinohara Yuji, said recently he believed that the use of local currency in Cambodia would keep growing, particularly after COVID-19. Yuji stated that the increased usage of riels in the market gives the National Bank of Cambodia (NBC) more control of the nation’s financial challenges. The […]
Read MoreLine Man Wongnai, the operator of food delivery service Line Man, has defended its recent move to reduce delivery service payments for rider partners from 62 baht over a distance of the first 3 kilometres to 50 baht, saying the new rate remains higher than those offered by rivals in the industry. The new rate, […]
Read MoreKUALA LUMPUR, March 31 — Bank Negara Malaysia (BNM) does not have any immediate plans to issue Central Bank Digital Currency (CBDC). The central bank said in Malaysia the financial system continues to support the functioning of the economy while meeting the needs of individuals and businesses. “To this end, the existing monetary and financial […]
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Thailand
