MANILA, Philippines (Update 2, 2:19 p.m.) — The Philippine economy expanded at a slower pace in the third quarter amid weak consumer spending and lackluster agriculture growth, which may give the central bank a chance to hit the pause button on policy tightening to rein in inflation. Gross domestic product — or the value of all finished goods and services […]
Read MoreSINGAPORE: The ability to communicate, shop online, order rides, read books, play games, get food delivery and pay for anything within a single, unified smartphone app is Asia’s defining innovation, technology leaders said at Bloomberg’s New Economy Forum in Singapore. WeChat, Grab and Go-Jek are prime examples of a breed of software called the Super […]
Read MoreThe Indonesian Retailers Association (Aprindo) has said retail business did not recover in October, and the month was unusually weaker than the previous month’s sales, even though it was closer to Christmas and New Year. Aprindo chairman Tutum Rahanta said low-purchasing power had sparked the weak sales in October. “The weakening of the rupiah, which affected the prices of goods, combined with stagnant […]
Read MoreDeputy Prime Minister Wissanu Krea-ngam is calling for more measures to control digital currencies, which can be abused to fund terrorism. The negative impact of digital currencies has been discussed for some time, with several legal measures implemented to prevent their misuse. However, more efforts — both domestically and internationally — are needed to keep up […]
Read MoreMANILA, Philippines — Philippine imports hit an all-time high in September while exports remained weak, bringing the trade deficit to $3.93 billion, the highest in nine months amid sustained purchase of capital goods needed for the government’s ambitious infrastructure program, the Philippine Statistics Authority (PSA) reported yesterday, a day before the release of third quarter economic performance. […]
Read MoreThe border gate between Myanmar and Laos has been upgraded and given international status, according to the Ministry of Labour, Immigration and Population. The ministry has upgraded the Wan Pong check point in Tachilek, Shan State, making it an international border entry point for Myanmar and Laos. It has also opened the Myanmar-Laos Friendship Bridge […]
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