MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is ramping up the pilot test of a wholesale central bank digital currency (CBDC) as part of efforts to promote the stability of the country’s payment system. Dubbed Project CBDCPh, the pilot will test the use of CBDCs for large-value financial transactions on a 24/7 basis […]
Read MoreThe SME Association of Malaysia touched down in Phnom Penh on Wednesday to kick off its four-day mission to discover the investment opportunities and framework that post-Covid Cambodia has to offer, led by various ministers and supported by the ambassador to Malaysia. The delegation left to the Ministry of Foreign Affairs and International Cooperation (MFAIC) […]
Read MoreThai workers’ debt levels have hit a 14-year high amid sluggish economic recovery and rising living costs driven by soaring fuel prices, a university survey showed on Thursday. The average debt of each worker’s household stood at 217,000 baht this year, up 6% from last year, restraining much-needed domestic spending, Thanavath Phonvichai, president of the […]
Read MoreThailand is expected to see 5.5 million tourists this year despite the Centre for Covid-19 Situation Administration scrapping the Test & Go scheme from May, Krungsri Research said on Wednesday. It said the Russia-Ukraine war will affect tourists’ plans to visit Thailand, especially tourists from Russia and other European countries. The energy crisis due to […]
Read MoreMANILA, Philippines — Rising global commodity prices continue to pose a risk to fiscal consolidation in several Asia-Pacific countries including the Philippines this year, according to Fitch Ratings. In a report, the debt watcher said the sharp rise in commodity prices over the past month poses a rising risk to fiscal consolidation in 2022. “Some […]
Read MoreVietnam needs to pay special attention to the risk of imported inflation as the current low inflation in the country is partly due to low consumer demand. As Vietnam is forecast to face some risks affecting economic growth in 2022, economic experts gave relevant policy recommendations about inflation pressure as well as support packages for local businesses in […]
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