Exports fared better than expected in September boosted by trade partners’ economic recovery, the baht’s weakness and the government’s proactive export promotion. The Commerce Ministry reported on Tuesday customs-cleared exports rose 17.1% year-on-year in September to US$23 billion, with imports increasing by 30.3% to $22.42 billion, resulting in a trade surplus of $609.8 million. It was […]
Read MoreMANILA, Philippines — Insurance premiums grew more than 37 percent to P187 billion in the second quarter as the economic reopening heightened demand for both life and non-life policies. According to the Insurance Commission (IC), insurers in the Philippines posted a combined profit of P24.63 billion during the period, swelling by over 29 percent from […]
Read MoreThe long lockdown in HCM City has caused karaoke parlours to hover between life and death. While struggling to survive, they have thought of a new service – renting karaoke equipment out to clients. The melody of ‘Sad Tango’ by Luong Gia Huy resounded in the living room of Thien Thao’s family in Go Vap […]
Read MoreMastercard Inc. and crypto firm Bakkt Holdings Inc. on Monday said they have partnered to enable cryptocurrency card payments. The companies said the partnership will make it easier for banks, financial-technology firms and merchants to offer and accept crypto payments. Banks and other financial institutions that issue cards through Mastercard will be able to issue […]
Read MoreMANILA, Philippines — The Philippines’ economic recovery may be put in jeopardy as the government continues to fail in narrowing the budget shortfall, a global think tank said. In its latest economic monitor, UK-based Pantheon Macroeconomics said the Philippines’ strained public finances reflected the feeble recovery it is going through nearly two years since the […]
Read MoreThe baht opened at 33.20 to the US dollar on Wednesday, weakening from Tuesday’s closing rate of 33.12. The Thai currency is likely to move between 33.10 and 33.25 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the default crisis of Chinese real estate companies might pressure the Asian currency […]
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