MANILA, Philippines — Local factory output extended their growth streak in August, posting triple-digit expansion even as Metro Manila stayed in hard lockdown that month. What’s new The Philippine Statistic Authority’s monthly survey of industries reported that the volume of production index (VoPI), advanced 534.6% year-on-year in August, slightly slower than 537.9% in July. This […]
Read MoreAs Thailand remains on course to reopen more areas to vaccinated tourists, aiming to stimulate the national economy during the traditional high season, hoteliers are pinning their hopes on the restart of tourism, particularly in Bangkok. The capital recently had its reopening plan pushed back to November from October. Whether Thailand’s reopening is an immediate […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas hit its digital payments volume target in 2020, as more consumers relied on online platforms to transact amid the pandemic. In a report released Thursday, the BSP said 20.1% of monthly payments volume are done digitally by end 2020, slightly above the BSP’s 20% goal for that […]
Read MoreThai lifestyle product shipments are expected to grow healthily by 13.4% this year to 363 billion baht, driven by the economic recovery of trading partners and exporters’ adjustment to sell their products through online and online business matching. Phusit Ratanakul Sereroengrit, director-general of the International Trade Promotion Department, said with economies in major export markets […]
Read MoreThe Council for the Development of Cambodia approved 75 private investment projects outside special economic zones during the first eight months of the year, a year-on-year decrease of 28 percent. A report from the Ministry of Economy and Finance issued earlier this month stated that all private investment projects amounted to a total of $1,106 […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is finalizing a set of prudential requirements applicable to digital banks to make sure the operations of the players in the new banking classification are underpinned by sound digital governance as well as a robust, secure and resilient technology infrastructure, and effective data management strategy and […]
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