Cambodia may be wise to avoid a central bank digital currency (CBDC) because it may reduce revenue. Moody’s Investors Service says widespread adoption of CBDCs would be credit-negative for banks because of lower fees and commissions, especially for lenders that are active in foreign currency payments, clearing and remittances. Figures from consultancy McKinsey show that […]
Read MoreMANILA, Philippine — Corporate regulators warned the public against conducting business with unregistered foreign companies and entities to avoid losing their earnings. In a statement on Monday, the Securities and Exchange Commission cautioned that by dealing with these unregistered and unlicensed entities, the public runs the risk of losing their money once it’s transmitted outside the […]
Read MoreThe trend of shoppers going online en masse is driving demand for cold storage facilities in most countries, with Vietnam seemingly among those with a severe short supply. “Recently we installed a cold storage with a large capacity for a customer in HCM City’s Thu Duc City, but while carrying out trial operation we found […]
Read MoreMANILA, Philippines — The Philippines’ foreign reserves rose in August, boosted by new Special Drawing Rights (SDRs) from the International Monetary Fund. What’s new Gross international reserves settled at $108.05 billion as of end-August, up 0.84% month-on-month, the Bangko Sentral ng Pilipinas reported on Monday. Why this matters Foreign reserves are investments in gold and foreign […]
Read MoreBig C Supercenter Plc plans to increase investment to expand its retail business in Cambodia over the next five years. “With our five-year plan, we aim to become the No.1 retailer in Cambodia in terms of value, size and perception among Cambodian customers,” said Gary Hardy, chief operating officer. Mr Hardy said the company is […]
Read MoreMANILA, Philippines — The government paid 37 percent more for its debt obligations in the seven months to July, using up nearly two-thirds of its debt servicing program for the year. According to the Bureau of the Treasury, the government hiked its debt payments to P834.32 billion as of end-July from P608.25 billion a year […]
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Thailand
