MANILA, Philippines — Term deposit rates increased on strong demand from cash-rich banks as the Bangko Sentral ng Pilipinas (BSP) continued to suspend the offering of the 28-day tenor. BSP Deputy Governor Francisco Dakila Jr. said the yield of the seven-day tenor went up by 3.47 basis points to 1.8813 percent at the Term Deposit […]
Read MoreInternational commercial air routes were reopened about a month ago under a Prime Ministerial decision. But only three flight routes had started until the official decision on temporarily stopping international flights was made recently. Nguyen Van Kien from Thai Binh province felt lucky when booking an air ticket from Seoul to HCM City with departure […]
Read MoreRising political tensions cloud prospects for rapid economic recovery and foreign investment in Thailand, says Moody’s Investors Service. On Oct 15, Thailand’s government declared a state of emergency that banned gatherings of five or more people amid pro-democracy protests that have become larger and more frequent since September. “Although the country has a track record […]
Read MoreCambodia is leapfrogging the development of smart cities throughout Southeast Asia by incorporating the encryption tool blockchain. In a smart city, traffic, public services, and document circulation can be fully automated, integrated by big data, 5G and the internet of things (IoT). Applying blockchain is not as common in smart cities as these other tech […]
Read MorePETALING JAYA: With the domestic economic recovery still fragile despite signs of green shoots, there is a growing need for additional stimulus measures to spur consumption and business sentiment. To meet the need, economists have called for a reduction in taxes and other forms of tax stimulus measures to be incorporated in the upcoming Budget […]
Read MoreMANILA, Philippines — Sustaining the downtrend in the number of COVID cases and supporting the growth in consumption would help shield the Philippines from a weakening global economy, a World Bank economist said. World Bank senior economist for the Philippines Rong Qian said in a forum that keeping the number of confirmed COVID cases on […]
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