The Japanese company that developed the National Bank of Cambodia’s Bakong digital wallet has launched a similar project with Laos. Blockchain specialist Soramitsu said it had signed an agreement with the Bank of the Lao PDR to look into the creation of a Central Bank Digital Currency (CBDC). Work could begin as early as this […]
Read MoreCompanies in HCM City and other industrial hubs like the neighbouring provinces of Binh Duong and Dong Nai are struggling with a labour shortage after the pandemic. The city and provinces have reopened the economy after months of shutting down, but only those with ‘green cards’ are permitted to work, which is the root of […]
Read MoreThe government aims to generate at least 882 billion baht in domestic tourism revenue next year from government measures to revive the struggling sector after a major slump in foreign arrivals. The economy suffered its deepest fall in more than two decades last year, with the key tourism sector devastated by the coronavirus pandemic. The […]
Read MoreThe Bangko Sentral ng Pilipinas (BSP) warned on Thursday that consumer prices in the country could remain high in the short term due to supply-side concerns. “Inflation could remain elevated in the near term before decelerating to within the target range of 2.0 to 4.0 percent by the end of the year,” BSP Governor Benjamin Diokno noted […]
Read MoreThe Covid-19 outbreak caused fuel consumption in Thailand to decline by 4.4% during the first eight months of 2021 to a daily average of 131 million litres, down from a daily average of 137 million litres during the corresponding period last year, says the Department of Energy Business. Demand in the country for the major […]
Read MoreThe government has welcomed the decision by Standard & Poor (S&P) Global Ratings to maintain Thailand’s sovereign credit rating at BBB+ and rate the kingdom’s economy as having a stable outlook. Published on Monday, the positive credit rating and economic outlook were awarded to Thailand for its strong finance and foreign currency parameters, despite the […]
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