The Philippines has the slowest real wage growth among the major countries in ASEAN. One reason for this is that in other countries and World Bank economists, real wage growth translates to increase in purchasing power and a more equitable and prosperous economy. Here in the Philippines many economists and businessmen believe that the route […]
Read MoreThe Central Bank of Myanmar (CBM) will issue two types of licenses—foreign bank branch license and subsidiary license– in the upcoming round of licensing, as from January 1, 2020, according to a statement. This is the third round of foreign bank licensing since two rounds of stringent licensing process were successfully completed. Nine foreign banks got […]
Read MoreVIENTIANE (Vientiane Times/ANN) – Prime Minister Thongloun Sisoulith yesterday expressed optimism that economic growth would recover in the near future, saying the current stagnation was necessary because the government was attempting to put the economy on a sustainable path. “The slower growth of the economy is necessary because the economic base is being transformed to a […]
Read More[KUALA LUMPUR] Malaysia’s industrial production rose 1.7 per cent in September from a year earlier, slower than the previous month, supported by continued growth in the electricity sector, government data showed on Monday. Annual factory output in September came below the 1.9 per cent expansion forecast in a Reuters poll. August’s factory output rose 1.9 […]
Read MoreTHE Monetary Authority of Singapore (MAS), JPMorgan and Temasek have developed a blockchain-based prototype that enables payments to be made in different currencies on the same network. This multi-currency payments network has the potential to improve cost efficiencies for businesses, said MAS, which led its development. It is undergoing industry testing to determine its ability […]
Read MoreThe proportion of retail investors in total market trading value has dwindled by half amid changes in investor behaviour and the advent of high-speed algorithmic trading programs. Montree Sornpaisarn, chief executive of Maybank Kim Eng Securities Thailand, which has the largest market share in Thailand, said high-speed algorithmic trading programs, especially those related to arbitrage […]
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Thailand
