KUALA LUMPUR: The ringgit opened firmer against the US dollar on Friday, buoyed by the rise in oil prices. At 9am, the local note was traded at 4.1810/1840 against the greenback from 4.1815/1830 at Thursday’s close. At the time of writing, oil benchmark Brent crude rose 0.47 per cent to US$74.42 per barrel. However, Bank […]
Read MoreThe Asian Development Bank (ADB) has approved a 4.6 million USD technical assistance to help the Vietnamese Government to strengthen public-private partnership (PPP), private sector development, and state-owned enterprise (SOE) reform. The technical assistance will provide policy advice, assist in infrastructure project preparation, and strengthen institutional capacity to enhance sustainable economic growth. The financing includes […]
Read MoreThe Bank of Thailand and three banking associations have built up a data ecosystem and plan to offer digital banking statements by January next year. The central bank yesterday signed an agreement on data ecosystem development with the Thai Bankers’ Association, the Government Financial Institutions Association, and the Association of International Banks, representing a combined […]
Read MoreMANILA, Philippines — Economic struggles on the domestic front are putting the Philippines at risk of becoming a basket case as it is unlikely to ride on the much needed herd immunity with the rest of emerging Asia. In a report, UK-based Pantheon Macroeconomics has remained pessimistic about the growth path of the Philippines this […]
Read MoreThe man who brought automated teller machines (ATMs) to Cambodia is re-entering the space with a new venture that not only aims to improve automation, but also to revolutionise the revenue model. While experts have said that fintech and contactless payments have increased during the pandemic, cash in circulation actually increased by 9.5 percent last […]
Read MoreThe 50 richest Thais added US$28 billion (908 billion baht) in combined wealth over the last 15 months, with the Chearavanont brothers of Charoen Pokphand (CP) Group growing their wealth by almost $3 billion despite the pandemic, according to an annual tally by Forbes. The benchmark rose 43% since the last measurement was conducted 15 […]
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