Onepay this week launched a new mobile interbank platform from which users can transfer money among seven local banks -Asia Green Development Bank (AGD), Ayeyarwady Bank (AYA), CB Bank, KBZ Bank, Myanma Apex Bank (MAB), uab Bank and Yoma Bank – without physically going to any of the bank branches. The service was launched in […]
Read MoreLocal eco-textile manufacturer Samatoa has called on farmers to help supply lotus fibres the business desperately needs to produce its highly popular “natural fibre face masks”. Awen Delaval, CEO and founder of Samatoa, told Khmer Times that the company is now seeking more than 150 farmers who have half-hectare lotus fields, because the company needs […]
Read MoreThe country’s headline inflation further decelerated to a five-month low of 2.2 percent in April from 2.5 percent the month before on the back of lower oil prices, the Philippine Statistics Authority (PSA) reported on Tuesday. The statistics agency said consumer price growth last month was the slowest since the 1.3 percent posted in November […]
Read MoreThe “money burning” race in the local e-commerce scene is not over yet, with all Big Four competitors scampering to gain a larger market share. The war of attrition in e-commerce was forecast to moderate as soon as the Big Four (Lazada, Tiki, Shopee, and Sendo) consolidate their supremacy. However, contrary to the prediction, the […]
Read MoreThe coronavirus-induced economic downturn might cause up to 12.3 million people to fall into poverty by the second quarter of this year if the government fails to contain the pandemic soon, researchers warn. The Center of Reform on Economics (CORE) Indonesia based its estimation under the assumption that the pandemic will reach its peak by […]
Read MoreAnalysts expect the Bangko Sentral ng Pilipinas (BSP) to further reduce interest rates after the country’s headline inflation dipped to a five-month low of 2.2 percent in April. According to ING Bank Manila, ANZ Research, Nomura and JP Morgan analysts, lower consumer price growth last month gives the central bank more space to continue easing […]
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