MANILA, Philippines — The Philippine economy expanded at a slower pace in the second quarter, as painfully high inflation hit the economy where it hurts the most: consumer spending. Gross domestic product (GDP) grew 7.4% year-on-year in the April-June period, the Philippine Statistics Authority reported Tuesday. The latest reading was slower compared to the downwardly […]
Read MoreBANGKOK (BLOOMBERG) – Thailand plans to overhaul its digital rules to confer more powers on the central bank and tighten the oversight of platforms offering cryptocurrencies and other tokens after a recent market rout left retail investors reeling from losses. The planned amendments to the regulations will “bring the central bank to be part of […]
Read MoreAmid growing competition in the Bangkok office market, fuelled by a large amount of new supply in the pipeline, ageing office buildings are losing their ability to retain and attract occupiers. This trend is putting pressure on landlords of older buildings to become more proactive and find ways to enhance the value and competitiveness of their […]
Read MoreThe three-day Asean Online Sale Day (AOSD) began yesterday with the participation of nearly 500 businesses, marking the 55th Asean Day. Organised by the Asean Coordinating Committee on E-commerce (ACCEC) from August 8 to 10, the annual online shopping event brings together the best of Asean businesses, goods and services across the region on a […]
Read MoreJAKARTA, Aug 9 (Reuters) – Indonesia on Tuesday lowered its threshold for applying export tax on crude palm oil to a reference price of $680 per tonne, down from $750 per tonne previously, according to a finance ministry regulation. The lowering of the threshold took effect on Tuesday. The export tax goes up for every […]
Read MoreHONG KONG (REUTERS) – Hodlnaut, a Singapore-based cryptocurrency lender and borrower, has suspended withdrawals, swaps and deposits, the company said on Monday, the latest sign of stress in the crypto industry. The crypto lender also said it would withdraw its application for a licence from the Monetary Authority of Singapore (MAS) to provide digital token […]
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Thailand
