MANILA – The Philippine peso dropped to a record low on Friday (Sept 2), boosting pressure on the central bank to raise interest rates more aggressively to stem the slide. The currency weakened beyond its previous all-time low set in 2004 after surging imports widened the trade deficit to a record high in June. The […]
Read MoreThailand is one of the most exciting and fastest-growing retail markets in Southeast Asia, having been an early adopter of new trends driven by digital-first consumers, which has contributed to rapid growth of e-commerce in recent years. The mobile commerce market, led by mobile applications, is expected to grow at a compound annual growth rate of […]
Read MoreVietnam’s logistics industry has yet to have its potential fully tapped, and the country needs timely solutions to meet the surging demand for logistics infrastructure. A survey by Savills Vietnam showed that the logistics industry is enjoying significant growth thanks to the expansion of the national economy, manufacturing sectors, and e-commerce. Vietnam ranked 11th in […]
Read MoreNo further clarification was offered by the American Credit Rating company which said on its website that this decision was made due to “commercial reasons”. About a month ago, Laos’s credit rating was downgraded to CCC- owing to ever-rising inflation, high external debt, falling currency reserves, and a strong US dollar which has been effectively pushing the […]
Read MoreKUALA LUMPUR: Malaysia’s gross domestic product (GDP) growth is expected to moderate in the second half of this year (2H22) after having surged 6.9% in 1H22. Sunway University economics professor Yeah Kim Leng said the slower economic growth anticipated in 2H22 is premised on the rapid cooling of the global economy. “Key indicators pointing to […]
Read MoreThe Cambodian Microfinance Association has urged people in need of loans to use services from legitimate financial institutions and to avoid unofficial mortgages or online loans – which can have serious consequences. Kaing Tong Ngy, spokesman for the Cambodian Microfinance Association, expressed support for the NBC’s announcement that people should avoid unofficial loans or online […]
Read More
Thailand
