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Thailand: Cabinet okays public debt management plan

The cabinet on Tuesday greenlighted the public debt management plan which includes a new borrowing of 1.34 trillion baht for fiscal 2022, starting in October. According to Rachada Dhnadirek, deputy government spokeswoman, the public debt management plan also includes a plan to manage existing debt worth 1.55 trillion baht, along with a plan to repay […]

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Visa study says there is a clear route for scaling up digital payments among Cambodian consumers

Visa, the global leader in digital payments, has revealed the great potential for the growth of digital banking and payments in Cambodia, where consumers are only just discovering the power of digital. According to a Visa’s press release, while consumer interest has been growing during the COVID-19 pandemic, the Visa Consumer Payment Attitudes study highlights […]

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Moody’s Analytics says Philippine recovery questionable

MANILA, Philippines — The near-term recovery of the Philippines remains questionable amid the slow vaccination rollout, as well as the resurgence of COVID-19 infections, according to Moody’s Analytics. In a report, Moody’s Analytics senior economist Katrina Ell and associate economist Dave Chia said the latest infection wave in the Philippines is the worst of the […]

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Philippines: Foreigners laud easing of retail trade

MANILA, Philippines — Foreign business groups lauded the recent move of Congress to ratify the bicameral report for the bill that would reduce the minimum required investment for foreign retailers in the country. “As strong proponents of increased foreign direct investment (FDI) in the Philippines, we applaud the Senate and House for ratifying the bicameral […]

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Cambodia: Potential for gold refinery production

Indian-owned Mesco Gold (Cambodia) has shown a potential for gold refinery investment in a licensed area in Ratanakiri province’s Oyadav district, according to the Ministry of Mines and Energy, citing that the firm is building some significant infrastructure. The move came after the company halted works on its processing plant installation at its Phum Syarung […]

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