MANILA, Philippines — Filipino borrowers prefer installment payment plans for their transactions with corresponding interest rates instead of cash payments, according to data from the Credit Information Corp. (CIC). CIC president and chief executive officer Jaime Casto Jose Garchitorena said installment transactions remain significant as it accounted for 65.2 percent or 36.83 million of the […]
Read MoreThe Hanoitimes – Vietnam’s targets of becoming Asia’s logistics hub would only be feasible if local firms can fence off competition from the world’s major logistics players. Once the EU – Vietnam Free Trade Agreement (EVFTA) comes into force, European investors are entitled to purchase up to 51% stakes in Vietnamese logistics firms, putting them under […]
Read MoreTHE job market for 2019 has turned out to be better than predicted – and many private-sector economists and recruiters are looking at stepped-up hiring in the year ahead, with real salary hikes for 2020 expected to surpass this year’s. At this time last year, economists and recruiters had forecast weaker job creation for 2019. […]
Read MoreMore than 2.54 million SIM cards were registered during the first 10 months of the year while the number of mobile internet users grew by 3.3 million, according to the latest report from the Telecommunications Regulator of Cambodia (TRC). The number of total registered SIM cards reached 22 million as of October, 135 percent of […]
Read MoreBudget catch-up plan to help meet 6% GDP MANILA, Philippines — Dutch financial giant ING Bank said the catch-up plan for government spending continues to work with the goal of meeting the lower end of the revised six to 6.5 percent gross domestic product (GDP) growth target. Nicholas Mapa, senior economist at ING Bank Manila, […]
Read MoreThe cabinet has approved the central bank’s headline inflation target of 1-3% for next year, narrowed from this year’s 1-4% range, a government spokeswoman said on Tuesday. The new target will be in line with the current economic situation and offer more flexibility in monetary policy implementation, Narumon Pinyosinwat told reporters. Speaking to reporters after […]
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