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Philippines: Deposits up 8.1% in end-August

MANILA, Philippines — More Filipinos are still opting to keep their money in banks as deposits grew by 8.1 percent to P12.1 trillion as of end- August this year, according to the Bangko Sentral ng Pilipinas (BSP). In a report, the BSP said the banking industry’s deposit base consisted of P5.98 trillion in savings deposits, […]

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Thailand: B30bn borrowing for diesel price control

The Board of the Oil Fuel Fund Office has approved a plan to borrow 30 billion baht to support the government’s move to cap the diesel pump price at 30 baht per litre. Sompop Patana-ariyangkul, spokesman for the Energy Ministry, said on Tuesday that the board, chaired by Energy Minister Supattanapong Punmeechaow, approved the loan […]

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Thailand: Digital economy enjoying surging growth

Thailand’s digital economy is growing exponentially, particularly in the gaming, e-commerce and e-money segments, according to Sea Thailand, the local unit of Singapore-based consumer internet company Sea. The company also aims to continue to support digital upskilling for the Thai workforce to drive digitalisation in the country as well as prepare the country for an […]

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Thailand: EEC construction permits up in H1

The number of residential construction permits in Eastern Economic Corridor (EEC) provinces grew in the first half of 2021, along with a rise in new business registrations, both driven solely by Chon Buri. Vichai Viratkapan, acting director-general of the Real Estate Information Center (REIC), said Chon Buri was the only province in the EEC which […]

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