MANILA, Philippines — Sending money to the Philippines remains among the cheapest globally, benefiting an economy reliant on remittances sent by overseas Filipino workers (OFWs), the World Bank said. In its latest Migration and Development Brief, the World Bank said remittance charges to the Philippines cost less than five percent, or $10, for every $200 […]
Read MoreThailand is a leading adopter of emerging payment methods in Asia-Pacific, driven by the pandemic and enthusiasm from the young generation, according to Mastercard, a global financial service operator. Meanwhile, a survey by Visa — another global digital payment operator — suggests nearly half of all Thais are likely to avoid using cash in the […]
Read MoreTo spur on local production and achieve its desired economic growth goal, Vietnam is to enact new financial solutions aimed to assist the business community. However, will the schemes affect the state budget picture, which earned a surplus in the first quarter of this year? It is expected that providing more support for struggling enterprises […]
Read MoreAccumulated Covid insurance premiums spiked by 2.2 billion baht from 6.45 million policies in April, driving the total premiums received to 7.15 billion baht over 14 months since the beginning of the pandemic. The accumulated value of claims received from Covid insurance in April also rose to 138 million baht, spurred by surging new infections, […]
Read MoreMANILA, Philippines — The Philippines is projected to import more rice next year to meet the rising demand for the commodity, according to the United States Department of Agriculture (USDA). In its latest monthly global grain report, the USDA said the Philippines is expected to import a total of 2.1 million metric tons (MT) of […]
Read MoreDespite continued outbreaks of Covid-19, foreign direct investment (FDI) is thriving, with applications in the first quarter surging 143% year-on-year in investment value. Narit Therdsteerasukdi, deputy secretary-general of the Board of Investment (BoI), said net applications filed for FDI in the period totalled 191 projects, down 17% from 231 year-on-year. However, investment value increased by […]
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