MANILA, Philippines — The Asian Development Bank on Thursday slashed its 2022 growth forecast for developing Asia and warned economic conditions could worsen, as the war in Ukraine and supply chain disruptions drive up prices. While the impact of Covid-19 had eased, the region was now grappling with the fallout from Russia’s invasion of Ukraine, […]
Read MoreTHE Department of Trade and Industry is calling on Philippine micro, small and medium enterprises (MSMEs) to take part in the largest online sale event in Southeast Asia, the Asean Online Sale Day, as various e-commerce platforms and businesses across the region are expected part in it from August 8 to 10, 2022. Asean is the Association of Southeast […]
Read MoreWHILE Asia Pacific economies have less exposure to commodity-disruption brought about by the Russia-Ukraine military conflict, pockets of the region are highly vulnerable to food inflation, which could heighten social risks and trade protectionism, said Moody’s Investors Service in a note on Jul 19. In particular, the Philippines, India, Thailand and Vietnam have high energy […]
Read MoreCentral banks in Southeast Asia hope to link payment systems across the region this year using QR code technology. Perry Warjiyo, Governor of the Bank of Indonesia, stated in a panel discussion on the sidelines of the G20 Finance Ministers and Central Bank Governors Meeting in Bali that by November, five of the region’s largest […]
Read MoreBesides boosting trade growth, a more integrated regional supply chain under the RCEP agreement has also benefitted Asean countries Xinhua – During Thailand’s durian season every year, orders from China for the thorny “king of fruits” always surge, driving up shipments from the world’s top fresh durian exporter. This year, after the Regional Comprehensive Economic Partnership […]
Read MoreTEMPO.CO, Jakarta – Indonesia’s quick response code payment service dubbed QRIS will be available in four ASEAN countries. Bank Indonesia (BI) in tandem with the central banks of Thailand, Malaysia, Singapore, and the Philippines will realize cross-border payments with QRIS, open API (application payment interface), and Fast Payment by implementing the local currency settlement (LCS). Head of the […]
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