MANILA, Philippines — Philippine foreign trade slipped 15 percent last year as the pandemic prompted restrictions across countries that weakened the overall global economy. Based on the updated foreign trade performance released by the Philippine Statistics Authority (PSA), merchandise trade sank by 15 percent to $155 billion for the whole of 2020. Imports plummeted 19.5 […]
Read MoreThe Bank of Thailand plans to test its Retail Central Bank Digital Currency (Retail CBDC) in next year’s second quarter, allowing all related parties to participate in the testing process. The central bank studied and surveyed Retail CBDC implementation with all stakeholders, including consumers, financial institutions, merchants, the government sector and others. Based on the […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has imposed a three-year moratorium on the grant of digital banking licenses starting next month to closely monitor the performance and impact of the new banking classification on the industry. In his weekly virtual press conference, BSP Governor Benjamin Diokno said the central bank’s Monetary Board […]
Read MoreCharoen Pokphand Foods Plc (CPF) has won plaudits from the Public Health Ministry for its successful implementation of the bubble and seal measure, in line with the government’s aim to safeguard factory workers and communities against Covid-19 infections. Sathit Pitutecha, deputy public health minister, praised the company for correct implementation of public health measures concerning […]
Read MoreThe macroeconomic assumptions of a recently released 2022 state budget draft reflect the expectation that Indonesia’s economy will largely return to pre-pandemic conditions by 2022, a postponement of predictions outlined in the 2021 budget. The 2022 draft presumes that some key macroeconomic indicators such as gross domestic product (GDP) growth, the inflation rate and the […]
Read MoreThe government is preparing a master plan to develop intelligent transport systems (ITS) to properly consolidate and invigorate the technological development and capabilities in the industry, in the expectation of a soft launch in 2023. ITSs are environmentally-friendly modern applications designed to efficiently provide real-time data pertaining to different modes of transport and traffic management, […]
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