Philippine stuck in recession MANILA, Philippines — The country’s road to recovery hit another snag as the Philippines remained in recession in the first quarter, with gross domestic product (GDP) contracting by a weaker-than-expected 4.2 percent amid a resurgence of COVID-19 cases and slow vaccine rollout that kept a tight rein on business sentiment. The […]
Read MorePayment systems in Cambodia have seen remarkable strides in line with the evolution of financial technology (fintech) and significantly contribute to the development of the national economy, as digital transactions witness a Covid-19 boom, the National Bank of Cambodia (NBC) said in the 2020 annual report on the payment system. The central bank reported on […]
Read MoreHigh net worth individuals are predicted to be the most likely group to take Covid-19 vaccination tours overseas, spending a fortune in the hope of choosing their own vaccines and heading abroad, instead of waiting for local vaccinations. As the vaccination programme in Thailand trudges along, lagging Western countries and regional peers, outbound tour operators […]
Read MoreJakarta (ANTARA) – Bank Indonesia’s Retail Sales Survey (SPE) has indicated an increase in monthly retail sales in March this year compared to the previous month. “Real Sales Index (IPR) March 2021 grew 6.1 percent (mtm), increasing from the previous month’s growth of minus 2.7 percent (mtm),” executive director of the central bank’s communication department, […]
Read MoreThe Commerce Ministry yesterday launched a fresh mobile grocery store campaign to help reduce the cost of living for people in Greater Bangkok. Presiding over the launch of the new mobile grocery store campaign, Commerce Minister Jurin Laksanawisit said the latest campaign features 730 mobile pick-up trucks and small trucks selling 73 products in six […]
Read MoreIndonesia, which is the largest economy in Southeast Asia, is considering imposing taxes on cryptocurrency trading as demand in the sector is booming with the recent price rally. Neilmaldrin Noor, a spokesperson for the country’s tax agency, told Reuters that the Indonesian government is willing to strengthen its tax collections after the impact of the ongoing pandemic has drained […]
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