MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) expects foreign direct investment (FDI) inflows to drop this year following a sharp decline in the first half due to uncertainties caused by the mid-term elections last May, as well as the second package of the comprehensive tax reform program (CTRP). BSP Governor Benjamin Diokno said […]
Read MoreMore than 50 payment companies are offering cashless services to customers, a rise from between five to 10 payment companies in the past two years. The figure was released at the Cambodia Fintech Day 2019 on Wednesday in Phnom Penh, by Bora Kem, of Mekong Strategic Partners (MSP), an advisory services and investment management firm, […]
Read MoreA FORMER Singaporean banker’s motorcycle-taxi app is emerging as a key rival to Grab – and a test case for Manila’s resolve in unclogging the world’s most congested streets. Founder Angeline Tham’s Angkas – the Filipino word for “hitching a ride” – has in three years become one of the Philippines’ most popular ride-hailing services […]
Read MoreTAK: Bilateral border trade between Thailand and Myanmar is expected to flourish after the second Thai-Myanmar Friendship Bridge becomes fully operational, starting from Oct 30. Niyom Wairatpanich, vice-chairman of the Thai Chamber of Commerce, said the bridge is vital to boost border trade between the two countries, increasing trade flow and logistics services through Mae […]
Read MoreMANILA, Philippines — The race to become a “smart city” is on and in Asia, Manila is the worst performer. Out of 102 cities worldwide, the Philippine capital ranked 94th in the 2019 Smart City Index published Thursday by Switzerland-based IMD Business School and Singapore University of Technology and Design. In Asia, Manila lagged behind […]
Read MoreState-owned energy company Pertamina has added this year 37 new locations for its single fuel price program, bringing the 3-year-old program’s total reach to 161 locations as of October. Pertamina spokeswoman Fajriyah Usman said in a statement that the locations covered by the single price program were Papua (33 locations), Maluku ( 17 ), Nusa […]
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