The Association of Domestic Travel (ADT) urges the government to ease some rules in the new “Tour Teaw Thai” tour package subsidy to attract more operators and boost domestic trips. Tour operators have voiced concerns over complicated procedures to enrol in the package and provide services, leading to hesitation about participation, said ADT president Thanapol […]
Read MoreMANILA, 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 […]
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