MANILA, Philippines — More dollars flowed out of the country in May as the national government paid foreign debt that ballooned as a result of higher borrowings to augment funds for pandemic response, the Bangko Sentral ng Pilipinas (BSP) said. Data released by the central bank showed the balance of payments (BOP) plunged to a […]
Read MoreThe Thai economy will be powered by a southern land bridge megaproject, which will connect the Gulf of Thailand with the Andaman Sea, as part of the state’s ambitious plan to make Thailand a logistics hub in Asean, says Transport Minister Saksayam Chidchob. The minister highlighted the southern land bridge project as he, together with […]
Read MoreA 0% deposit rate amid a high inflation rate would turn people away from banks and look for other investment channels such as real estate, securities, or gold with higher risks, stated an expert. The scenario of bringing the deposit interest rate to 0% as proposed by the Vietnam Association of Finance Investors (VAFI) is […]
Read MoreThe Export-Import Bank of Thailand (Exim Bank) has set a target to increase the number of small and medium-sized enterprise (SMEs) exporters to 100,000 in next four years from around 30,000 at present, the bank’s president, Rak Vorrakitpokatorn, said yesterday. The bank will support SMEs to become part of strong export supply chains, he said. […]
Read MoreMANILA, Philippines — The Securities and Exchange Commission (SEC) has tightened the requirements governing online advertisements of financing and lending companies. This developed as the SEC has received numerous reports of predatory and fraudulent schemes advertised online, with some even soliciting investments from the public. Many financing and lending companies have turned to different platforms […]
Read MoreThe tricky task of maintaining regional economic unity may come to the fore when Cambodia takes over the ASEAN chair from Brunei next year. The nation will get a taste of the reins before then, when it hosts the 13th Asia-Europe Summit (ASEM13) in November before formally taking over leadership of the regional body from […]
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