MANILA, Philippines — Surging demand for dollars amid a spike in imports sank the Philippine peso to its lowest level in more than a year on Friday, with the local unit now back to the P50-level against the greenback. The local currency shed 0.4% from the previous day to cap the week at P50.08 versus […]
Read MorePhnom Penh will continue to be a central service hub in the region with a population of six million with an expanded radius of 100 km by 2035. This is according to the master plan for land use in Phnom Penh in 2035, which was announced by the Royal Government. The expansion of Phnom Penh, […]
Read MoreKUALA LUMPUR: The ringgit opened firmer against the US dollar on Friday, buoyed by the rise in oil prices. At 9am, the local note was traded at 4.1810/1840 against the greenback from 4.1815/1830 at Thursday’s close. At the time of writing, oil benchmark Brent crude rose 0.47 per cent to US$74.42 per barrel. However, Bank […]
Read MoreThe Asian Development Bank (ADB) has approved a 4.6 million USD technical assistance to help the Vietnamese Government to strengthen public-private partnership (PPP), private sector development, and state-owned enterprise (SOE) reform. The technical assistance will provide policy advice, assist in infrastructure project preparation, and strengthen institutional capacity to enhance sustainable economic growth. The financing includes […]
Read MoreThe Bank of Thailand and three banking associations have built up a data ecosystem and plan to offer digital banking statements by January next year. The central bank yesterday signed an agreement on data ecosystem development with the Thai Bankers’ Association, the Government Financial Institutions Association, and the Association of International Banks, representing a combined […]
Read MoreMANILA, Philippines — Economic struggles on the domestic front are putting the Philippines at risk of becoming a basket case as it is unlikely to ride on the much needed herd immunity with the rest of emerging Asia. In a report, UK-based Pantheon Macroeconomics has remained pessimistic about the growth path of the Philippines this […]
Read More
Thailand
