MANILA, Philippines — Philippine banks have started reducing the interest on peso and foreign currency deposit accounts as the Bangko Sentral ng Pilipinas (BSP) has slashed interest rates by 175 basis points so far this year to soften the blow of the coronavirus disease 2019 or COVID-19 pandemic. Ayala-led Bank of the Philippine Islands (BPI) […]
Read MoreThe Cambodia Rice Federation (CRF) is seeking more business opportunities for Cambodia’s rice sector by signing a memorandum of understanding (MoU) with Bank of China (Hong Kong) Ltd on the third China International Import Expo (CIIE) project to promote the industry. The MoU was signed by Song Saran, president of the CRF, and Bank of […]
Read MoreNot long ago the streets of Bangkok were near empty — save for a bustling network of green-, pink- or yellow-vested delivery drivers shepherding food across a shuttered city to the millions trapped indoors fearing an accelerating viral outbreak. As revenue from cornerstone industries like tourism, hospitality and retail dried up and government assistance lagged, […]
Read MoreOnline shopping and electronic payments in Vietnam have become more common in recent years as more of the country’s population gains access to the internet, and e-commerce in the 95 million-strong market is set to enter a rapid growth phase in the near future, according to industry experts. Dao Duong Thanh, development director at Moca, […]
Read MoreCambodian Prime Minister Hun Sen said on Saturday that strengthening globalisation and multilateral trade are crucial to supporting global economic growth and reducing poverty. The prime minister made the remarks at the Global Manufacturing and Industrialization Summit which was held virtually from Sept. 4 to 5 and co-hosted by the United Nations Industrial Development Organisation […]
Read MoreDESPITE imposing one of the world’s longest and strictest lockdowns, coronavirus cases in the Philippines have now surged past 230,000, with Indonesia eclipsed as the region’s biggest outbreak. The virus resurgence is said to have been fuelled by testing gaffes and failures in quarantine protocol in the face of over 100,000 overseas Filipino workers arriving […]
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Thailand
