MANILA, Philippines — A new breed of digital-only banks and financial technology (fintech) companies are likely to take over the retail space as some traditional banks remain slow in developing new digital services, according to Moody’s Investors Service. In a report titled “Fintech companies can overtake incumbent banks in retail services,” Moody’s analyst Joyce Ong […]
Read MoreSINGAPORE (THE BUSINESS TIMES) – Good trade data helped the local market snap two straight days of losses and shrug off overnight dips on Wall Street led by heightened pandemic fears. Optimistic investors sent the Straits Times Index up 12.32 points or 0.39 per cent to 3,152.30, to end a choppy trading week that closed […]
Read MoreMANILA, Philippines — The Philippines should expedite the passage of key reform measures that would boost foreign direct investments (FDIs) and aid the country in its long-term recovery from the pandemic, the World Bank said. In a briefing with members of East Asia and the Pacific (EAP) press, World Bank president David Malpass said recovery […]
Read MoreCathay Pacific, Hong Kong’s flag carrier has announced the possible resumption of flights to Phnom Penh from July 30. Flight CX 605 is scheduled to depart from Hong Kong at 1650 (Hong Kong time) and land at Phnom Penh International Airport at 2025. The return flight, CX600, is expected to depart from Phnom Penh at […]
Read MoreFor the first time, Vietnam is among the top 20 countries attracting the most foreign direct investment (FDI) capital in the world, according to World Investment Report 2021 by the United Nations Conference on Trade and Development (UNCTAD). In 2020, Vietnam ranked 19th globally as a FDI host country with $16 billion investment capital, up […]
Read MoreThailand’s monetary policy has to be accommodative to enable fiscal policy to work fully to help the economy, the finance minister said on Friday as the country deals with its worst coronavirus outbreak so far. Economic stability remains strong with high international reserves and the public debt level within limit, Finance Minister Arkhom Termpittayapaisith told […]
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