Getting 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 […]
Read MoreThe Hanoitimes – Comparing to the credit growth in 2016 and 2017 at 18.71% and 18.17%, respectively, the growth rate in 2018 should be much lower, while the structure of credit has now been shifted to manufacturing and processing. Vietnam’s credit growth as of the mid of December has been kept below 16%, which is projected […]
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