“E-MONEY” and interbank transfers are duking it out in the region, as their growth outstrips that for debit and credit cards, a report projected on Thursday. Card payments declined in 2020, with transactions having shrunk as retail activity dimmed during Covid-19 and banks slowed card issuances. Amid stiff competition, tech firms are now turning from […]
Read MoreHCM CITY — Southeast Asia’s economic growth will rebound to 6.2 per cent in 2021 with Vietnam achieving 8 per cent growth, according to the latest economic outlook report from Oxford Economics commissioned by chartered accountancy body ICAEW. GDP across the region contract by 4.1 per cent in 2020, with countries that had been successful in controlling the pandemic like Việt Nam and Singapore leading the recovery. […]
Read MoreSHIPPING containers with a volume of 36.9 million Twenty-foot Equivalent Units (TEUs) passed through the Port of Singapore last year, down by 0.9 per cent from the figure for the year before. Singapore’s container throughput was stable, even with the Covid-19 pandemic, noted the Maritime and Port Authority (MPA) on Wednesday. With the port staying […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) yesterday assured the public that the Philippine banking system remains sound and well-capitalized, with no emerging risks seen to pose problems in the industry going forward. BSP Governor Benjamin Diokno said the central bank remains proactive in monitoring the health of the financial system to determine […]
Read MoreA $100 million small and medium enterprise co-financing scheme (SCFS) fund was fully subscribed by mid-October 2020, according to a senior executive of SME Bank of Cambodia. The capital of the SME (SCFS) amounted to $100 million. It was launched on April 1, 2020, and jointly funded by the SME Bank of Cambodia and participating […]
Read MorePETALING JAYA: The worsening Covid-19 situation that has triggered a second round of movement control order (MCO) in Malaysia has once again cast the spotlight on unemployment. Businesses are staring at a road full of uncertainties ahead even with the hint of vaccine optimism and as it is, unemployment in 2021 remains jittery. Many are […]
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Thailand
