Thailand’s exports are expected to increase 9% this year, more than earlier forecast, as the global economy continues to expand, though a trade war is a risk, Commerce Minister Sontirat Sontijirawong said on Thursday. Exports will definitely be higher than the previous target of 8% and “a 9% figure is most likely”, the minister said. […]
Read MoreKUALA LUMPUR: Asean needs to relook at its various policy initiatives, including trade and investment policies, in response to the transformative digital economy, said CIMB Asean Research Institute. It also said addressing the challenges in digital and telecommunications infrastructure investment was fundamentally crucial in helping micro, small and medium sized enterprises of Asean to integrate […]
Read MoreSINGAPORE: Singapore’s economic growth eased in the second quarter and missed forecasts, preliminary data showed on Friday, as manufacturing activity cooled and worsening U.S.-China trade tensions clouded the outlook for the trade-reliant city-state. Gross domestic product grew 1.0 percent in the second quarter from the previous three months on an annualised and seasonally adjusted basis, […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is urging correspondent banks to embrace innovation and rethink strategies as the rapid evolution of digital technology continued to revolutionize financial product and banking service delivery. In his keynote address at the annual convention of the Association of Philippine Correspondent Bank Officers, BSP Governor Nestor Espenilla […]
Read MoreKUALA LUMPUR: Malaysia faces the possibility of incurring US$12.2 billion (about RM49 billion) in economic losses, which is 4% of its Gross Domestic Product (GDP) of US$296 billion, due to cybersecurity incidents. Based on a study by Microsoft and US consulting firm Frost & Sullivan, a large organisation in the country could incur losses of […]
Read MoreMANILA, Philippines — A total of 52.8 million Filipino adults do not have bank accounts amid the heightened efforts of the Bangko Sentral ng Pilipinas (BSP) to promote financial inclusion. Results of the BSP’s 2017 Financial Inclusion Survey (FIS) show 60 percent of the respondents reported not having enough money as the main reason for […]
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Thailand
