MANILA, Philippines — Kuala Lumpur-based CIMB Group became the first bank from Southeast Asia to tap the platform of the financial technology arm of PLDT Inc. for its digital-only strategy in the Philippines. Malaysia’s second largest lender has partnered with FINTQ for its lending business. Through the partnership with the unit of PLDT and Voyager […]
Read MorePRIVATE-SECTOR economists have raised Singapore’s 2018 economic growth forecast for the second consecutive time, expecting growth of 3.2 per cent, up from an earlier prediction of 3.0 per cent in December. They expect growth to moderate to 2.8 per cent in 2019, according to the latest quarterly survey of professional forecasters by the Monetary Authority […]
Read MoreThe Cabinet yesterday approved a plan by the Government Pharmaceutical Organisation (GPO) to construct the second phase of its pharmaceutical plant in Rangsit area at a cost of Bt5.607 billion. The move will help GPO to expand its production capacity to cope with the requirements of the Good Manufacturing Practice (GMP) standard. Nattaporn Jatusripitak, an […]
Read MoreMANILA, Philippines — The second package of the government’s tax reform program is seen to make the country less competitive resulting to a slowdown in investments over the near term, BMI Research said. In its latest economic analysis, the research arm of the Fitch Group said the second of the five packages under the comprehensive […]
Read MoreGovernment support is badly needed for the local digital payments sector to develop further, U Zaw Lin Htut, CEO of Myanmar Payment Union (MPU) told The Myanmar Times in a recent interview. Despite the MPU’s attempts to reduce cash dependency since 2012, local payments are still mainly settled via paper money. Even for payments for licenses and […]
Read MoreThe Hanoitimes – The Government is taking a series of strong reforms in a move to increase the contribution of the private sector to 65 percent of the country’s gross domestic product (GDP) by 2020. According to the Ministry of Planning and Investment, the private sector currently made up 39-40 percent of the country’s GDP. It […]
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Thailand
