MANILA, Philippines — The percentage of Filipino households with savings at present reached an all-time high in the third quarter as consumers expect inflation, interest and unemployment rates to increase and the peso to weaken against the dollar, according to the results of a quarterly survey conducted by the Bangko Sentral ng Pilipinas. Redentor Paolo […]
Read MoreThe Hanoitimes – As of end 2018, the inter-bank electronic payment system processed 137.6 million transactions worth VND73,000 trillion (US$3.13 trillion), 13 times the country’s GDP. Vietnam is a country with low penetration of traditional banking services but rather high development of digital infrastructure. This means that when pushing for penetration of banking in general, Vietnam […]
Read MoreForeign executives and managers in Myanmar can now rely on a handbook about respecting the local culture in the workplace when it comes to defusing possible cross-cultural misunderstandings and potential disputes. The Directorate of Investment and Company Administration (DICA) and the Myanmar Centre for Responsible Business (MCRB) collaborated on the guide titled “Respecting Myanmar Culture […]
Read MoreThe Brunei Hotel has replaced television cable channels with Netflix in all their hotel guest rooms as part of the strategy to cut cost, according to Assistant Front Office Manager Farrah Razak. Netflix is a streaming service allowing members to watch a wide variety of award-winning TV shows, movies, documentaries, and more on thousands of […]
Read MoreThe announcement in June that the Monetary Authority of Singapore (MAS) would allow up to five new digital banking licenses, coinciding with the Hong Kong Monetary Authority (HKMA) issuing a number of virtual banking licenses over past months, has served to reinforce the urgency for banks to automate and digitalise their businesses. Central Banks and other regulators charged with […]
Read MoreSINGAPORE continues to show substantial potential for trade growth, according to new research from Standard Chartered Bank (StanChart) released on Monday. The city-state made the list of 20 global markets that are most rapidly improving their individual potential for trade to grow, coming in at 16th place, according to the bank’s new Trade20 Index. The […]
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Thailand
