MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is finalizing the guidelines for virtual assets and the operations of virtual asset service providers to prevent the country from becoming a haven for the financial transactions of criminals and terrorists. In a draft circular, the BSP said it wants to ensure that the Philippines would […]
Read MoreAFP – Thailand’s economy shrank for the first time in six years because of the Coronavirus pandemic, which has shut borders and devastated the tourism-reliant country. Some 40 million tourists were expected to arrive in Thailand this year, drawn to its sandy beaches, infamous nightlife and street food culture. But the outbreak has sharply bruised the […]
Read MoreIndonesian coal miners are struggling with slow demand this year as businesses in India, one of the country’s major coal markets, hit the brakes due to a prolonged lockdown to contain the COVID-19 outbreak, a data firm has said. The South Asian country’s coal imports, a commodity mostly used for power generation, is projected to decrease […]
Read MoreThe Hanoitimes – The EU-Vietnam trade deal is the largest new-generation free trade agreement in Vietnam’s history in terms of direct benefits. Vietnam needs to fill major legal gaps and address key implementation issues to reap the full benefits of the European Union Vietnam Free Trade Agreement (EVFTA), expected to be ratified by Vietnam’s National Assembly […]
Read MoreSINGAPORE (THE BUSINESS TIMES) – Uber will be moving its Asia-Pacific headquarters out of Singapore in the next 12 months as the Covid-19 outbreak continues to rattle its business. The Asia-Pacific hub will be relocated to another place in the region. The US-based firm will also lay off about 3,000 more people globally and stop some of […]
Read MoreThe state planning unit, the National Economic and Social Development Council (NESDC), has cut its economic forecast to a contraction of 5-6% this year, down from the 1.5-2.5% growth projection made on Feb 17. The agency cited a raft of negative factors, including the severe downturn of the global economy and merchandise trade, a sharp […]
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