MANILA, Philippines — As expected, the Bangko Sentral ng Pilipinas (BSP) delivered another 25 basis points rate cut yesterday as part of an easing cycle that saw interest rates decline by 75 basis points since May due to easing price pressures, as well as weaker economic growth. In a press conference, BSP Governor Benjamin Diokno […]
Read MoreThe government is mulling removal of four business types from List 3 of the Foreign Business Act (FBA) as it tries to reduce obstacles to foreign investment. Poonpong Naiyanapakorn, deputy director-general of the Business Development Department, said the four businesses types are telecommunication services for licence type 1 (telecommunications business operator without its own network […]
Read MoreThe Hanoitimes – Fintech is an attractive field, creating many opportunities for both startups and investors in recent years. Many foreign investors are interested in investing in Vietnam’s fintech market that have huge growth potential, said Han Ngoc Vu, general director of VIB International Commercial Bank, at Fintech Summit 2019 held in Hanoi on September 25. Vu, […]
Read MoreWITH most consumers here unlikely to park more than S$20,000 in digital banks, and an expected high burn-rate for new entrants to nab credit-card users, the incumbent banks’ earnings are not at imminent risk with the eventual launch of digital banks, a CGS-CIMB report showed. CGS-CIMB estimated that just 4-11 per cent of deposits from […]
Read MoreThe government is on high alert over a possible increase in tax shortfall this year as the economic slowdown is likely to continue until the end of the year. Sluggish economic growth since early this year has begun to hurt the government’s tax revenue, which contributes the larger part of the state budget. According to data […]
Read MoreKUALA LUMPUR: The Association of Banks in Malaysia (ABM) said its member banks will now cease charging fees for cheque and cash payments for credit card and financing repayments over the counter and at Cash Deposit Machines (CDMs). In a statement Thursday, ABM said currently certain customer segments were already waived from these charges i.e. […]
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Thailand
