MANILA, Philippines — The Bangko Sentral ng Pilipinas hit its digital payments volume target in 2020, as more consumers relied on online platforms to transact amid the pandemic. In a report released Thursday, the BSP said 20.1% of monthly payments volume are done digitally by end 2020, slightly above the BSP’s 20% goal for that […]
Read MoreThai lifestyle product shipments are expected to grow healthily by 13.4% this year to 363 billion baht, driven by the economic recovery of trading partners and exporters’ adjustment to sell their products through online and online business matching. Phusit Ratanakul Sereroengrit, director-general of the International Trade Promotion Department, said with economies in major export markets […]
Read MoreThe Council for the Development of Cambodia approved 75 private investment projects outside special economic zones during the first eight months of the year, a year-on-year decrease of 28 percent. A report from the Ministry of Economy and Finance issued earlier this month stated that all private investment projects amounted to a total of $1,106 […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is finalizing a set of prudential requirements applicable to digital banks to make sure the operations of the players in the new banking classification are underpinned by sound digital governance as well as a robust, secure and resilient technology infrastructure, and effective data management strategy and […]
Read MoreThe baht opened at 33.83 to the US dollar on Thursday, strengthen from Wednesday’s closing rate of 33.92. The Thai currency is likely to move between 33.75 and 33.90 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said the baht would continue fluctuating against the greenback. Also, he said, the flow of […]
Read MoreThe Commerce Ministry has revised its annual headline inflation forecast to a range of 0.8% to 1.2% (with an average of 1%), narrowing from 0.7% to 1.7% (with an average of 1.2%) earlier. The latest projection is based on expected economic growth of 0.7-1.2%, with Dubai crude oil prices averaging US$65-70 per barrel, and an […]
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