The Bank of Laos (BOL) has issued a notice warning the public about the usage of unregulated cryptocurrencies, including Bitcoin, Ethereum, and Litecoin, which are not connected to actual currency reserves. The notice states that while authorities have already issued a notice to warn the public against the use of Cryptocurrencies in 2018, many continue to trade in […]
Read MoreTwo members of Thailand’s monetary policy committee who pushed unsuccessfully for a rate cut earlier this month argued preemptive action was needed because of the risks of an economic slowdown in the period ahead, minutes of the meeting showed. The biggest Covid-19 outbreak to date, which prompted stricter containments measures to areas accounting for about […]
Read MoreThai tourism hopes to add 500,000 Russian visitors to its 1 million international tourists this year after the Sputnik V vaccine was endorsed for the sandbox programme, says the Tourism Authority of Thailand (TAT). “Russia was one of our tourism sources with 1.4 million visitors prior to the pandemic. An influx of Russian tourists to […]
Read MorePUTRAJAYA, Aug 18 — Malaysia’s labour productivity, measured as value added per employment, for the second quarter this year has turned around to 13.6 per cent with a value of RM22,117 per person compared to a year ago, according to the Labour Productivity, Second Quarter 2021 report released today. Following the release of the report, […]
Read MoreFor the 2021 national economic recovery program, we have made adjustment in early July, especially with the enforcement of PPKM (Community Activities Restriction) level 4 and 3 in Java and Bali Jakarta (ANTARA) – Some Rp320.35 trillion (US$23 billion) of the national economic recovery budget, or 43 percent of the budgeted Rp744.77 trillion (US$53 billion) […]
Read MoreMANILA, Philippines — The country’s recovery remains fragile despite emerging from the pandemic-induced recession in the second quarter with a gross domestic product (GDP) growth of 11.8 percent, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno. “While the economy has turned the corner, the recovery remains fragile,” Diokno said in an interview with […]
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