The central bank of Laos has issued a notice suspending loans to cryptocurrency business from January this year. The notice issued by the Bank of the Lao PDR states that the suspension was put in place to reduce financial risk and maintain the financial stability of commercial banks as well as promote the supply of credit to the […]
Read MoreGeopolitics and new technologies are changing the world, opening up new opportunities for Vietnam to develop, if it can grasp them. In 2022, Vietnam obtained a GDP growth rate of 8.02 percent, the highest figure since 2011. However, this achievement was overshadowed by the loss of hundreds of thousands of jobs, factories’ downsizing and temporary […]
Read MoreThe Philippines has shown great interest in the quality of Cambodian rice and the two sides are negotiating prices to achieve rice trade. The interest expressed to a delegation from the Ministry of Commerce and the Cambodia Rice Federation (CRF), during their visit to the Philippines from February 1-3. The delegation was led by Kim […]
Read MoreMONETARY authorities will likely raise key interest rates by 25 basis points (bps) next week and follow this up with an identical increase in March, an economist said on Monday. The adjustments will be needed given still-high inflation, ING Bank Manila senior economist Nicholas Mapa said, after which the Bangko Sentral ng Pilipinas’ (BSP) policymaking […]
Read MoreFinance Minister Arkhom Termpittayapaisith is concerned that more than 16 million informal workers have yet to participate in any savings scheme to prepare for life during retirement, even though Thailand is expected to become an aged society in the next two years. He said that Thailand is now an ageing society as at least 10% of […]
Read MoreThe two-year pandemic changed Vietnamese shopping habits and boosted e-commerce. Online sales and livestream sales have attracted many consumers. Facebook posts attract tens of thousands of likes and shares, while many YouTube channels are seen by millions of subscribers. Instead of going directly to shops, consumers now just order products online, from valuable items to […]
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Thailand
