MANILA, Philippines — Philippine banks are set to implement the acquirer-based fees for ATM transactions starting April, resulting in higher charges for cardholders who transact in the network of other banks. The local banking industry is set to implement the acquirer-based ATM fee charging (ABFC) method starting April 7, wherein the fees charged to a […]
Read MoreDespite risks from the travel ban, a delay in vaccine distribution and new tensions in US-China trade, the Eastern Economic Corridor (EEC) and e-commerce are expected to continue spurring industrial property growth, in part thanks to stimulus plans and government investment in infrastructure and transport projects. Phattarachai Taweewong, director of research and communications at Colliers […]
Read MoreKUALA LUMPUR (BERNAMA) – The Malaysian economy is expected to grow by 5.1 per cent this year compared to last year’s 5.4 per cent contraction as the country’s recession is shallowing amid the third wave of COVID-19. Maybank Investment Bank Bhd (Maybank IB) Chief Economist Suhaimi Ilias said the forecast was conservative relative to the […]
Read MoreMANILA, Philippines — A persistently higher inflation may put the global economy and markets under grave danger, according to Singapore-based DBS Bank Ltd. In a report, Taimur Baig, chief economist for Asia at DBS, said the global financial stability may be at risk if inflation were to rise persistently. Baig said a likely demand spurt […]
Read MoreKasikornbank, the second-largest lender by assets, said on Monday it plans to open a branch in Vietnam’s commercial hub of Ho Chi Minh City in the third quarter of this year to tap into the country’s growth. “Attention is now focused on Vietnam as a regional investment hub that has attracted the world’s leading companies […]
Read MoreMANILA, Philippines — The spike in inflation in January made it likely that the Bangko Sentral ng Pilipinas might take a pause in its easing cycle but further rate cuts later in the year could still be possible as the economy still needs support, said London-based Capital Economics. In a research brief over the weekend, […]
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