Cambodia has seen recent and rapid growth in digital and electronic payment services, where the platform is regarded as a key to promote the Kingdom’s financial inclusion. The National Bank of Cambodia (NBC)’s report of Project Bakong Next Generation Payment System shows that financial inclusion is a primary agenda for the NBC and digital payment […]
Read MoreExperts have forecast bank credit growth in the second quarter to reach 3.5-4 percent, much higher than the rate in the first quarter. In the first three months, the rates had been 0.1 percent, 0.07 percent and 1.1 percent as the COVID-19 pandemic severely impacted various industries and their demand for funds. Consumer demand and […]
Read MoreMANILA, Philippines — The Philippines continues to rely heavily on coal imports as it has consumed more imported coal than it produced last year, according to the Department of Energy (DOE). Government data showed the country used 33.12 million metric tons (MT) of coal last year. Of the total consumption, 26.98 million MT were from […]
Read MoreAs sporadic tensions flare over US-China trade, a fierce debate also continues at home, centred on whether Thailand should join a trade pact touted as creating the third-largest free trade area in the world. The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a trade agreement involving a newly formed bloc of 11 Pacific […]
Read MoreThe Hanoitimes – Following the handover of the diplomatic note, the Vietnam – EU trade deal is set to take effect on August 1, 2020. Vietnam’s government representatives on June 18 handed over a diplomatic note notifying the passage by the National Assembly (NA) of both the EU – Vietnam Free Trade Agreement (EVFTA) and the […]
Read MoreThe Central Bank of Myanmar (CBM) has permitted local banks to restructure and reschedule existing loan repayments to help their clients, CBM Deputy Governor U Soe Min, told The Myanmar Times. While the economic impact of the COVID-19 pandemic has yet to be quantified, it is expected that businesses will bear the brunt of a decline […]
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Thailand
