Electronic money (e-money) has grown in terms of spending and top-up value, driven by consumers’ financial behaviour in the digital age and social distancing amid the pandemic. According to the Bank of Thailand, e-money spending value has continued to increase for the past five years. In 2020, the value was 310 billion baht, rising from 276 […]
Read More(Bloomberg) — President Joko Widodo is backing a push to expand Bank Indonesia’s mandate to include support for the economy, throwing his public support behind a legislative move that some analysts see as risking the central bank’s independence. Bank Indonesia shouldn’t just manage the currency, but also should support sustainable economic growth and job creation, […]
Read MoreSINGAPORE’S unemployment rates fell for the fourth straight month in February, though Manpower Minister Josephine Teo cautioned that further declines would become harder to achieve. The overall unemployment rate fell to 3 per cent, from 3.2 per cent in January. Resident unemployment declined to 4.1 per cent from 4.3 per cent previously, while citizen unemployment […]
Read MoreMinister of Foreign Affairs and Cooperation Prak Sokhonn will join his ASEAN counterparts online tomorow to discuss with British Foreign Secretary Dominic Raab how to strengthen cooperation between the 10-nation bloc and Britain. Bilateral trade between the UK and ASEAN was valued at some $46.9 billion in 2019, while bilateral trade between Cambodia and the […]
Read MoreExperts are forecasting a small growth in the global gross domestic product (GDP) due to the stabilisation of several leading markets such as the United States and Singapore, according to speakers at a seminar organised by Baiduri Bank yesterday. The speakers also said that more economies are slowly opening while business restrictions are gradually being […]
Read MoreMANILA, Philippines — The International Monetary Fund (IMF) has raised its 2021 economic growth forecast for the Philippines to 6.9 percent from the original target of 6.6 percent, the fastest among members of the Association of Southeast Asian Nations (ASEAN). Yongzheng Yang, resident representative to the Philippines of IMF, said the latest gross domestic product […]
Read More
Thailand
