The Bank of Thailand is in discussions with China’s central bank over supporting the use of yuan-baht settlement to mitigate foreign exchange risk amid ongoing US dollar volatility. According to central bank governor Sethaput Suthiwartnarueput, the Bank of Thailand and the People’s Bank of China have held talks over additional cooperation to encourage businesses to use […]
Read MoreShenzhen, with economic, technological and capital strengths, has large potential of cooperation with the five Mekong countries and the city’s enterprises can make big contributions to their economies. Officials and business leaders made the remarks on Tuesday at the themed event of 2023 Lancang-Mekong Cooperation Week in Shenzhen. The event also featured the launch of […]
Read MoreMANILA – The country’s digital economy, valued at P2.08 trillion, contributed 9.4 percent of the Philippines’ total gross domestic product (GDP) growth in 2022, according to the data from the state statistics bureau. The total value of the digital economy last year grew 11 percent from the P1.87 trillion recorded in 2021, the Philippine Statistics […]
Read MoreViệt Nam’s economic recovery remains challenged with exports being hit hard by weakening global demand, experts said. HCM CITY — Việt Nam’s economic recovery remains challenged with exports being hit hard by weakening global demand, experts said. Speaking at a meeting in HCM City on Tuesday, Minister of Industry and Trade Nguyễn Hồng Diên said exports have […]
Read MoreJapan International Cooperation Agency (JICA) has become the biggest infra supporter in the Kingdom as it constituted 13 per cent of infrastructural spending support offered by the foreign entities, a study by leading global accounting and auditing firm Pricewaterhouse Coopers has revealed. JICA is followed by ADB (10 per cent), Exim Bank Solution of China […]
Read MoreTHE peso and stock market both fell on Wednesday as an earnings report by a troubled US bank reignited investor fears. The currency weakened by 8 centavos to close at P55.62 against the dollar while the benchmark Philippine Stock Exchange index (PSEi) lost 53.15 points, or 0.81 percent, to end the day at 6,540.24. The […]
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