MANILA, Philippines — Loans released by big banks shrank for the eighth straight month, although at a slower pace of 0.7 percent in July from two percent in June, as consumer lending contracted further due to rising COVID-19 infections with the emergence of the highly contagious Delta variant. Preliminary data released by the Bangko Sentral […]
Read MoreGlobal payment network Roxe is trying to persuade the National Bank of Cambodia (NBC) to adopt its new Central Bank Digital Currency (CBDC). It says it will give qualifying central banks free access to the programme, which allows countries to issue secondary or primary sovereign, fiat currencies back by a standardised Bitcoin hashrate. Fiat currencies […]
Read MoreEconomic indexes show the situation is getting worse in the country. The most concerning issues are social distancing extensions and other restrictions. A report on socio-economic development in August and the first eight months released by General Statistics Office (GSO) several days ago showed that economic indexes are getting worse, including industrial production, total retail […]
Read MoreThe Revenue Department expects around 100 foreign e-service providers to register to pay value-added tax (VAT) in Thailand during the initial stage of the e-service tax law enforcement on Sept 1, says director-general Ekniti Nitithanprapas. At the moment 69 foreign e-service operators have registered to pay VAT, of which 20 are giant online platform operators […]
Read MoreHONG KONG (REUTERS) – Central banks in Singapore, Australia, Malaysia and South Africa will conduct a cross border payments trial using different central bank digital currencies (CBDC) to assess if this allows transactions to be settled more cheaply and easily, the banks said on Thursday (Sept 2). Many governments and central banks around the world are […]
Read MoreCharoen Pokphand (CP) Group, the country’s biggest agribusiness conglomerate, has vowed to rapidly expand the number of its retail and wholesale stores in the region, including cash-and-carry stores operated by its SET-listed subsidiary Siam Makro Plc, as well as other formats within the CP Group. “Retailing is a global opportunity for Thailand and a sector […]
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