Prime Minister Hun Sen appealed to international lending agencies to not increase interest rates on loans used for Cambodia’s development, adding that despite recent economic progress that has helped reduce poverty, the Kingdom needs low interest rate lending to continue growth. Speaking to a crowd of nearly 15,000 garment factory workers, Hun Sen cited a […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia (BI) has launched a new regulation on financial technology (fintech). The regulation covers a requirement for fintech companies to register with the central bank and a ban on the use of digital currencies, among others. “We want to strike a balance; to continue fintech development while avoiding any disruption on the economy,” BI Deputy […]
Read MoreThe Thai consumer confidence index (CCI) rose for the fourth consecutive month in November to its highest level in 33 months. The growth rested on a better than expected economic outlook in the third quarter, hefty exports and rising tourism, raising hopes for a brighter economy in 2018, says the University of the Thai Chamber […]
Read MoreMANILA, Philippines — London-based digital money transfer service provider WorldRemit has picked the Philippines for its new regional center in its bid to drive its next phase of growth. The newly opened center in the Philippines, which is expected to create a hundred jobs by the end of 2019, will handle customer queries along with […]
Read MoreKUALA LUMPUR: Moody’s Investors Service has affirmed the Government of Malaysia’s local and foreign currency issuer and senior unsecured bond ratings at A3. The outlook is maintained at stable. It said late Thursday the key drivers underpinning the A3 rating and stable outlook are: 1. Moody’s expectation that the government’s debt burden will remain high […]
Read MoreThai workers risk losing their jobs with the rise of artificial intelligence (AI), big data and the Internet of Things in production and management processes, especially at large and mid-sized companies, says the state planning unit. Porametee Vimolsiri, secretary-general of the National Economic and Social Development Board (NESDB), said large firms have a tendency to […]
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