MANILA, Philippines — More foreign portfolio investments or speculative funds returned in August, reversing the net outflow in July, the Bangko Sentral ng Pilipinas (BSP) said. BSP Governor Benjamin Diokno said in his weekly online press conference that foreign portfolio investments – also referred to as hot money – turned to a net inflow of […]
Read MoreCambodia’s cities have been facing restrictions for much of the year but that may be set to change as the government considers when to reopen the country to foreign tourists and how long it can bear the economic and social costs of forcing businesses to close. In March the government closed schools across the country […]
Read MoreSINGAPORE – DBS Vickers on Friday (Oct 1) secured a Singapore licence to offer digital payment token services, while Australian cryptocurrency exchange Independent Reserve became the first foreign entity to be granted one. Examples of digital payment tokens are cryptocurrencies like Bitcoin, ether and litecoin. Industry observers expect more such licences under the Payment Services Act […]
Read MoreMANILA, Philippines — After a sharp decline, local factories returned to expansion mode in September as quarantine measures were loosened in Metro Manila. A monthly survey of around 400 companies showed the country’s purchasing managers’ index (PMI), bounced back to 50.9 in September from 46.4 in the previous month, IHS Markit reported Friday. While the […]
Read MoreEconomic inequality is expected to widen after the outbreak is controlled because lower-income earners will likely continue to suffer from the impact of the pandemic during an uneven recovery, says Bank of Thailand governor Sethaput Suthiwartnarueput. Thailand grappled with economic inequality and social injustice before the pandemic, which only aggravated such problems, he said. Fragile […]
Read MoreHCM City authorities have issued a directive on measures to prevent and control the Covid-19 epidemic and recover the economy after September 30. The directive says eight groups of businesses and services and the types of organizations are allowed to operate as of October 1, including: 1. State agencies, political, socio-political and professional organizations, central […]
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