MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is finalizing a large exposures frameworks for banks to ensure the stability of the banking sector as well as the country’s financial system. In a draft circular, the BSP said it is cognizant that risks arising from the exposures of BSP-supervised financial institutions (BSFIs) to a […]
Read MoreSurging costs and a fragile economy are forcing travellers to delay their trips abroad despite pent-up demand, says the Thai Travel Agents Association (TTAA). Only high-income travellers are still taking trips abroad as usual, but lower-income segments tend to be more price-conscious as the economic fallout is affecting their salaries and jobs, said Suthiphong Pheunphiphop, […]
Read MoreVietnam has among the lowest costs of doing business in its neighbourhood, with only Cambodia and Myanmar being cheaper, business transformation consultancy TMX has said in a report. “The Great Supply Chain Migration – Breaking down the Cost of Doing Business in Asia” says Vietnam has average operating costs of $79,280-209,087 a month. Its average […]
Read MoreMANILA, Philippines — The Bureau of Internal Revenue will not extend the deadline for taxpayers to file their income tax returns and pay taxes, maintaining that they need to beat the April 18 cutoff. The taxman announced this in a Facebook post on Monday, but allowed a small concession: taxpayers could submit their tentative Annual Income Tax […]
Read MoreMANILA, Philippines — The Philippines is seen suffering the largest blow on inflation among economies in Asia Pacific, brought about by price pressures caused by Russia’s invasion of Ukraine, according to the second quarter outlook of Manulife Investment Management. Manulife said the Philippines scored the lowest among all countries in Asia Pacific for its vulnerability […]
Read MoreFashion products top the most popular online shopping items in Thailand, while many industries are gravitating towards digital channels to boost sales, particularly grocery and electric appliances, according to a recent survey by market research firm Nielsen. In a related survey, e-commerce giant Lazada has indicated female shoppers are the biggest bargain hunters online. According […]
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