MANILA, Philippines — Philippine banks continued to snub the central bank’s peso rediscount facility amid the massive liquidity in the financial system and tepid demand from corporate and individual borrowers due to uncertainties brought about by the pandemic, according to the Bangko Sentral ng Pilipinas (BSP). Despite the extension of the zero spread on rediscount […]
Read MoreThis year Vietnam targets earning $14.5 billion of export revenue from wood and forest products. More than 300 large customers from many countries participated in the trade promotion event of Vietnam’s wood industry. Many commitments and contracts were made to help Vietnamese enterprises become more confident on their quick recovery to reach a record export […]
Read MoreMANILA, Philippines — The net inflow of foreign direct investments (FDIs) jumped by 52 percent to hit a 19-month high in July as multinational companies continued to inject more money into their affiliates in the Philippines amid the gradual recovery from the pandemic-induced recession, according to the Bangko Sentral ng Pilipinas. BSP Governor Benjamin Diokno […]
Read MoreKoh Samui’s sandbox programme has received positive feedback after lifting the mandatory quarantine, with new bookings during the first 10 days of this month already exceeding its total numbers since opening on July 15. Ratchaporn Poolsawadee, president of the Tourism Association of Koh Samui, said momentum is expected to continue following the UK’s decision to remove […]
Read MoreSeventy-five private investment projects outside of special economic zones (SEZ) were approved by the Council for the Development of Cambodia (CDC) in the first eight months of 2021, down by nearly 30 per cent year-on-year, the Ministry of Economy and Finance reported. The report presented an overall glum picture for new investments in non-SEZ projects, […]
Read MoreThe Bank of Thailand (BOT) is testing three peer-to-peer (P2P) lending platforms under its regulatory sandbox and believes they should go into operation in the beginning of 2022. The central bank’s assistant governor Siritida Panomwon Na Ayudhya said the three companies being tested are DeepSparks Peer Lending, NestiFly, and Peer Power Platform. The evaluation process […]
Read More
Thailand
