MANILA, Philippines — Sales of imported vehicles shrank month-on-month in July, and the industry might be headed to a deeper fall as new lockdowns in August weigh on demand. What’s new Imported cars sold reached 4,862 units last month, narrower by 2% compared to June sales, data from Association of Vehicle Importers and Distributors Inc. (AVID) […]
Read MoreMANILA, Philippines — Philippine foreign trade slipped 15 percent last year as the pandemic prompted restrictions across countries that weakened the overall global economy. Based on the updated foreign trade performance released by the Philippine Statistics Authority (PSA), merchandise trade sank by 15 percent to $155 billion for the whole of 2020. Imports plummeted 19.5 […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has imposed a three-year moratorium on the grant of digital banking licenses starting next month to closely monitor the performance and impact of the new banking classification on the industry. In his weekly virtual press conference, BSP Governor Benjamin Diokno said the central bank’s Monetary Board […]
Read MoreMANILA, Philippines — The government has collected P275.38 billion in taxes from fuel marking, nearly two years since this scheme was implemented, Finance Secretary Carlos Dominguez said. The fuel marking scheme seeks to eliminate the presence of illicit fuel in the market. Under the program, regulators use a chemical identifier to determine which petroleum products […]
Read MoreMANILA, Philippines — Retail prices of consumer goods in Metro Manila eased for the first time in five months, the Philippine Statistics Authority (PSA) said. The General Retail Price Index (GRPI) in the National Capital Region (NCR) grew 1.8 percent in June, slower than the 2.1 percent rate in May. It marked the first time […]
Read MoreMANILA, Philippines — Investments are needed in technology solutions and infrastructure to allow retail businesses in the country to take advantage of opportunities in e-commerce. Alexander Friedhoff, chief executive officer and co-founder of e-commerce enabler Etaily, said in a webinar the ongoing shift to e-commerce is opening opportunities and making the digitalization of retail businesses […]
Read More
Thailand
