Manufacturing managers in Southeast Asia saw a slump in activity as the region grapples with one of the world’s worst Covid-19 outbreaks, while North Asia continued to see a pick up as the global economy recovers. In Southeast Asia, which has emerged as one of the world’s worst-hit pandemic areas in recent weeks, Indonesia’s IHS […]
Read MoreDigital banking is transforming the traditional financial landscape. There are now 249 digital banking players globally — both dynamic upstarts and transitioning legacy operators — as of the end of 2020. Thailand offers a mature and promising market for this digital banking evolution, but one that requires regulatory guidance if it is to truly be […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has extended the zero spread on its peso rediscount loans until the end of the year to allow banks to tap the facility to meet their temporary liquidity needs amid the pandemic. BSP Governor Benjamin Diokno said the Monetary Board approved the extension of the temporary […]
Read MoreKUALA LUMPUR: The ringgit was lower on Monday amid lack of catalysts, domestically. At 9.14 am, the local note eased to 4.2235/2265 versus the greenback from Friday’s close of 4.2190/2220. Bank Islam Malaysia Bhd economist Adam Mohamed Rahim opined that the ringgit will continue trading above 4.20 today and this week amid the heightened number […]
Read MoreDigital tools have facilitated the consumption of agricultural products across the country during the Covid-19 period. The first ten tons of avocados sold out in ten days via a Vietnamese e-commerce platform has made Le Thi Tuyet, a gardener in the Central region, change her mindsets in trading, which is seen as “light at the […]
Read MoreMANILA, Philippines — More foreign portfolio investments or speculative funds flowed into the Philippines for the second straight month, resulting in a net inflow of $334.51 million in June, according to the Bangko Sentral ng Pilipinas (BSP). The net inflow in June was a complete reversal of the $235.14 million net outflow recorded in the […]
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Thailand
