MANILA, Philippines – Opening bank accounts through one’s smartphone allowed Overseas Filipino Bank to grow its depositor base, as digital banking looks to gain ground nationwide. The bank, considered the first government-owned digital bank, said 25,648 new deposit accounts were created from January to July. Through an onboarding system bolstered by artificial intelligence, which did […]
Read MoreContrary to all predictions, the real estate market has been hot during the pandemic. People are rushing to buy apartments for fear that prices will escalate after the pandemic ends. In early 2021, Do Xuan Thang in Hanoi and his fiancé began looking for an apartment to buy in Thanh Xuan district. With total income […]
Read MoreKUALA LUMPUR, Aug 30 — The ringgit ended stronger against the US dollar as fears over tapering by the US Federal Reserve (US Fed) wane with a longer path to higher rates expected. At 6pm, the local note jumped 360 basis points to 4.1530/1575 versus the greenback from Friday’s close of 4.1890/1930. Bank Islam Malaysia […]
Read MoreWith the Covid-19 pandemic expected to leave long-term impacts on global investment patterns and consumer behaviour, the CLMVT countries are counting on closer economic cooperation within Southeast Asia to help them benefit from each other’s strengths. That cooperation will help the region keep up with megatrends such as persistent geopolitical tension, fast changing technology and […]
Read MoreThe Consumer Price Index (CPI) for the first eight months of 2021 picked up 1.79 percent year-on-year, the lowest increase for the same period since 2016, the General Statistics Office (GSO) announced on August 29. The August index edged up 0.25 percent month-on-month, and 2.82 percent year-on-year, largely owing to higher prices of food and […]
Read MoreMANILA, Philippines — Domestic tourism will likely start to recover as early as next year, but the rebound of foreign travel will have to wait until 2024, a global think tank said. In a report, UK-based Oxford Economics said domestic travel will be the saving grace of tourism in the Philippines and in the major […]
Read More
Thailand
