MANILA, Philippines — At least five banks are planning to apply for a digital bank license as part of efforts to improve the accessibility of financial products to Filipinos, according to the Bangko Sentral ng Pilipinas. BSP Deputy Governor Chuchi Fonacier said the BSP has received five inquiries so far since it issued the guidelines […]
Read MoreSINGAPORE: Equity investors have given Singapore’s Sembcorp Industries Ltd a big thumbs-up this year after it shed its loss-making marine unit. But 2021 may prove to be a lot less euphoric, according to analysts. The utilities firm is 2020’s top gainer on the benchmark Straits Times Index, after being the worst performer in the preceding […]
Read MoreThe Fiscal Policy Office (FPO) believes Brexit is unlikely to have much impact on the Thai economy, as the value of trade, investment and tourism between the two countries is not high. Pisit Puapan, FPO director of Macroeconomic Policy Bureau, said that last year the UK was ranked the 20th major export destination for Thai […]
Read MoreWITH international borders still restricted, the hotel sector next year will still be highly dependent on domestic tourism. The easing of movement control orders recently, allowing for travels for tourism and meetings at hotels, will help the domestic tourism and hotel sector. Due to the low yield of domestic travels, hotels can only hope to […]
Read MoreThe Japan Centre for Economic Research (JCER) has predicted that Vietnam will become an upper-middle-income country in 2023, and its GDP will surpass that of China’s Taiwan in 2035. The JCER recently released a medium-term forecast of Asian economies entitled “Asia in the coronavirus disaster: Which countries are emerging?”, which addresses the impact of the […]
Read MoreAlternative state quarantine (ASQ) facilities in Thailand are upbeat about the latest relaxation of travel restrictions, which allow citizens of 56 countries to visit Thailand without a visa requirement, as it might increase demand for the 122 quarantine facilities nationwide. Prin Pathanatham, president of ASQ Club Thailand, said easing of rules, such as visa exemptions, […]
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