MANILA, Philippines — Japanese investment bank Nomura expects a 5.1 percent increase in remittances from overseas Filipino workers (OFWs) this year with the reopening of economies in host countries amid the continued rollout of COVID-19 vaccines. Euben Paracuelles, chief economist for Southeast Asia at Nomura, said the projected growth in remittances reflects low base effects […]
Read MoreThe Vietnamese government will support boosting the application of new payment methods to achieve the digital transformation goals of the banking industry. At least half of the total Vietnamese adult people will use e-payment services and at least 70% of total transactions will be made via digital channels by 2025. It is one of the […]
Read MoreIt is timely to review how the detailed COVID vaccination efforts is going on in the world. The data I use is based on the comprehensive daily compilations reported in the New York Times website on the day I received my second shot of the Sinovac vaccine in Quezon City. Update as of May 14. Countries […]
Read MoreAirlines faced another setback in the first quarter as the continued pandemic stunted travel demand. Puttipong Prasarttong-Osoth, president of Bangkok Airways, said the airline adjusted flight frequencies to meet passenger demand during the new wave, which caused the number of domestic flights to drop 85.6% year-on-year. The airline closed the first quarter with revenue of […]
Read MoreVietnam’s steel industry is highly dependent on imported input materials, therefore, price hikes in the international market would lead to higher domestic finished products. Domestic steel production and sales in the first four months surged by 38-40% year-on-year, while exports of such products also rose by 68% year-on-year, according to the Vietnam Steel Association (VSA). […]
Read MoreThe Thai economy shrank by 2.6% in the first quarter of this year — an improvement from a 4.2% contraction in the previous quarter — after it was boosted by a continued increase in agricultural production, recovery of non-agricultural production, acceleration in domestic investments, rise in government consumption expenditure and improvement in exports of goods. […]
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