JAKARTA: Indonesia posted its widest trade deficit in more than five years in November as exports fell, adding pressure on the currency. The trade deficit was US$2.1bil, much bigger than the US$735mil shortfall predicted by economists in a Bloomberg survey, and the worst result since July 2013. Imports jumped 11.7% from a year earlier, according […]
Read MoreGetting more Filipinos to trust banks is already a big challenge for the Banko Sentral ng Pilipinas, but its goal of getting cashless transactions to rise to at least 20 percent of total transactions by 2020 would be, simply put, something of interest to observe. The BSP is relying on the rise of smartphones, a tech-savvy young generation, […]
Read MoreDataLEADS/ANN: The internet has grown widely in all parts of the world in what is termed as the digital age. Asia has shown impressive growth trends in the last ten years. South East Asia has seen the most penetration with China leading the way. In the last decade China has grown tremendously by providing internet […]
Read MoreWing (Cambodia) Limited Specialized Bank and the Cambodian Commercial Bank, a subsidiary of Thailand’s Siam Commercial Bank (SCB), yesterday signed a partnership deal that paves the way for the creation of money-transfer services with Thailand. An inward money-transfer service between Wing and CCB will be introduced in the next three months, while transfers to Thailand […]
Read MoreEnergy policymakers are planning to cap the power tariff at 3.576 baht per kilowatt-hour (unit) under a new version of the national power development plan (PDP), with the expectation of maintaining consumer power bills for 20 years, says Kulit Sombatsiri, permanent secretary of the Energy Ministry. The previous version of the PDP caps the tariff at […]
Read MoreThe Hanoitimes – World Bank (WB) Country Director for Vietnam Ousmane Dione appreciated what Vietnam has achieved in the context of global challenges. Many experts have forecast the Vietnamese economy will enlarge by 7%, and with drastic reforms taken, the growth will reach 7.06%. The National Center for Socio-economic Information and Forecast (NCIF) has released two […]
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Thailand
