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Filipinos’ wealth declines in 2017 as inequality widens

MANILA, Philippines — Filipinos’ total wealth declined in 2017, according to a report by Credit Suisse that also shows slightly increasing wealth inequality in the country. The Swiss bank’s annual global wealth report revealed the Philippines’ total wealth depleted to $593 billion in 2017, lower than 2016’s $607 billion. Credit Suisse uses three components to […]

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Laos: Minimum wage hike in the pipeline

A tripartite meeting held in Vientiane recently agreed to increase the minimum wage from the present 900,000 kip to 1.2 million kip a month, a senior official has confirmed.  The meeting brought together representatives from the Lao Federation of Trade Unions (LFTU), the Ministry of Labour and Social Welfare and the Lao National Chamber of […]

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Thailand: Survey shows digital opportunity for banks

Use of online and mobile banking is on the rise, giving banks an opportunity to use customer data and digital transformation to enhance the customer experience, says Marketbuzzz, an online survey unit of Buzzebees, a mobile commerce platform. Marketbuzzz partnered with Potentiate, a data technology company, to monitor the banking industry, evaluating the customer experience […]

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