MANILA, Philippines — The country’s mining industry maintained its contribution to gross domestic product (GDP) of 0.5 percent in the first quarter despite a decline in value, data from the Mines and Geosciences Bureau (MGB) showed. Based on the latest figures from the MGB, the gross value added in mining amounted to P22.5 billion during […]
Read MoreSINGAPORE: Southeast Asian ride-hailing-to-fintech group Grab and budget airline AirAsia were among more than a dozen bidders involving over 50 companies that are vying for digital banking licences in Malaysia, people familiar with the matter said. Others who submitted bids by Wednesday’s deadline included telecoms operator Axiata and a consortium backed by Chinese tech firm Tencent, said […]
Read MoreMost executives attached to the Federation of Thai Industries (FTI) want the government to reopen Thailand only if Covid-19 infections, which are currently rising, are brought under control, according to the latest FTI survey. FTI’s CEO survey gauged the opinions of executives following Prime Minister Prayut Chan-o-cha’s announcement on June 16 of a controversial target […]
Read MoreGovernment agencies are working on a legal framework for the management of cryptocurrencies and assets. The State Bank of Vietnam (SBV), the country’s central bank, will carry out research and later pilot the use of cryptocurrency based on blockchain technology during the 2021-2023 period. The move was revealed in Prime Minister’s decision No.942 on the […]
Read MoreForeign tourist arrivals could tally 3 million this year under the best-case scenario, while the tourism confidence index in the second quarter plunged to its lowest point as 2 million people lost their jobs, according to the Tourism Council of Thailand (TCT). “In addition to faster vaccination for 10 pilot tourism areas, the key factors that […]
Read MoreTHE Monetary Authority of Singapore (MAS) remains “highly vigilant” to the risk of a sustained increase in housing prices relative to income trends, with a prolonged divergence seen as unsustainable, said a top executive from MAS. In his opening remarks at the launch of MAS’s annual report, managing director Ravi Menon noted that the property […]
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