MANILA, Philippines — The Philippines’ dollar reserves slightly went down in May after the government withdrew cash from the country’s dollar stock to settle its maturing debts. What’s new The country’s gross international reserves amounted to $106.98 billion in May, down 0.68% month-on-month, the Bangko Sentral ng Pilipinas reported Friday. Why this matters Foreign reserves […]
Read MoreMinister of Environment Say Samal expressed his desire to turn Preah Sihanouk province into a “blue” economic hub at a roundtable dialogue on charting a path to ensure the sustainability of the East Asia Seas. The discussion was hosted by the Partnerships in Environmental Management for the Seas of East Asia (PEMSEA), of which Cambodia […]
Read MoreThe Bank of Thailand has allowed banks to pay interim dividends as lenders are strong with sufficient capital to withstand the impact of Covid-19 outbreaks, Governor Sethaput Suthiwartnarueput said on Thursday. Banks are allowed to pay interim dividends not exceeding last year’s dividend payment rates and up to 50% of first-half net profits of 2021, […]
Read MoreThe third wave of the pandemic is projected to end in July, which could support Thai economic growth of 5% in the final quarter this year if the government can maintain a vaccination rate of 400,000 doses per day, says Kasikorn Research Center (K-Research). The government plans to vaccinate around 400,000 people daily under its […]
Read MoreVisa is partnering with Ksher, a local e-payments startup, to make it easier for small and medium-sized enterprises and individuals to accept Visa payments. Through this partnership, Ksher aims to enable over 10,000 online merchants to digitise and simplify their payments process by the end of this year. “Today’s consumers are changing. They expect frictionless […]
Read MoreDining-in at food and beverage (F&B) establishments for groups of up to five people will be allowed to resume from June 21, if the Covid-19 situation in Singapore remains under control in the coming weeks, the multi-ministry taskforce on Covid-19 said at a press conference on Thursday. Other activities that will be allowed to resume […]
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