Vietnam ranked second, following Bangladesh, in the top 10 fastest growing wealth markets from 2010 to 2019. The Wealth-X Company revealed the ranking in its new report titled “A Decade of Wealth”. The report takes a look back at the growth of the global wealthy population over the past decade, while also forecasting the trends […]
Read MoreThe Bank of Thailand cut its policy rate by 25 basis points to a record low of 0.50% on Wednesday, to help soften the economic impact of the pandemic and social distancing measures. The central bank’s Monetary Policy Committee (MPC) voted 4-3 at Wednesday’s meeting to lower the one-day repurchase rate, with the three dissenters preferring […]
Read MoreGrab, the popular mobile ride-hailing application, has now expanded its services to join in on the recent trend for on-demand delivery services in Phnom Penh by releasing their new business ‘GrabMart’. According to the company residents in the capital can now buy groceries, packaged food, healthcare products, beauty products and gifts via the Grab app […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is waiving anew the spread on its peso rediscount loans for two more months to allow banks to tap the facility to meet their temporary liquidity needs amid the coronavirus disease 2019 or COVID-19 pandemic. BSP Governor Benjamin Diokno said the Monetary Board, through Resolution 647, […]
Read MoreMany major hospital operators in Indonesian have launched their own teleconsultation services to tap into the growing telemedicine market in the country, which has been further accelerated by the COVID-19 outbreak. Siloam Hospital chief information officer Ryanto Marino Tedjomulja said the hospital chain had launched its online outpatient services or teleconsultation on April 13 in partnership […]
Read MoreKUALA LUMPUR, May 20 — Banks saw their yearly loan growth shrunk 5.2 per cent in April with personal loans accounted for the sharpest decline at -18.2 percentage points year-on-year, official figures released today showed. Slightly over RM107 billion in loans were approved within that period, a record low to culminate in an already slowing […]
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