MANILA, Philippines — A trend of expensive condominium prices are sweeping across cities outside Metro Manila, so says Colliers Philippines on Wednesday. The professional services and investment management firm made a case for this in a commentary, indicating developments across Pampanga, Bulacan, Cebu, Davao, Bacolod, and Iloilo. Colliers noted that condominium prices in these areas […]
Read MoreThe National Bank of Cambodia (NBC) signed a Memorandum of Understanding (MoU) with NPCI International Payment Limited (NIPL) to promote a collaboration in the area of cross border payment and remittance between Cambodia and India. According to an NBC’s press release on April 17, the MoU signing was formalised virtually on Mar. 17, 2023 under […]
Read MoreA survey by the HCM City Business Association showed 83, out of 100 businesses, are currently struggling to stay afloat. HÀ NỘI – Nearly 43,000 thousand businesses temporarily shut during the first quarter of 2023, an increase of 20.1 per cent compared to the same period last year, and 12,800 closed down permanently, according to […]
Read MoreRising interest rates have not yet affected domestic loan demand despite corporate loans slowing because of the global economic outlook, according to the Bank of Thailand. Piti Disyatat, assistant governor for the monetary policy group at the central bank, said Thailand’s financial conditions are tightening based on interest rate hikes, but they remain accommodative and have […]
Read MoreJUST a few banking systems in the Asia-Pacific — the Philippines not included — will benefit from China’s reopening, Moody’s Investor Service said in a report. The economies and subsequently the banks of Hong Kong, Macao, Mongolia and Thailand will gain the most, the debt watcher said, “given their close economic ties to China through […]
Read MoreThe Bakong system, the interbank transaction platform of the country launched by the National Bank of Cambodia (NBC), has helped with the de-dollarization efforts of the central bank through payments using KHQR and also by promoting cross-border payments. Although digital use of the riel has increased since Bakong’s launch, NBC also stressed that Bakong alone […]
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