Around 85 percent of Vietnamese banking consumers are more likely to use online and digital banking services compared to 18 months ago, according to a new report from SaaS cloud banking platform Mambu. The ‘Financial tribes you need to know’ report reveals that nearly two thirds (61 percent) of consumers globally have made greater use […]
Read MoreThe Office of the Prime Minister’s Office has issued a notice stating that it has declined a proposal by Phousy Group to purchase the government’s stake in BCEL bank. Construction giant Phousy Group submitted a proposal earlier this month to purchase the government’s 51% share in the bank, causing concern among the bank’s retail consumer base. The […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is expected to maintain its accommodative monetary policy stance until early 2023 as inflation pickup is proving to be transitory. In its latest research brief, Oxford Economics agreed with the BSP that the current inflationary pressures are for the most part transitory, reflecting supply-side pressures. This […]
Read MoreThe value of imports and exports passing through the Sihanoukville Special Economic Zone (SSEZ) reached $1.767 billion in the first 10 months of 2021, marking a 38.81 per cent year-on-year uptick from $1.273 billion, the operator reported on November 17. “SSEZ is developing sustainably, focusing on preventing epidemics on the one hand and ensuring production […]
Read MoreThe way people buy food in HCM City has changed after a period of social distancing amid the COVID-19 pandemic, with more food products bought online, according to online sellers. A recent report from online shopping platform Shopee said that Vietnamese had become more comfortable with buying food and groceries online, including items usually bought […]
Read MoreThailand’s economic engines may not be as strong as before and the important tourism sector may take longer to normalise, its central bank governor said on Thursday. Factors that will be key to future growth are the digital economy and sustainability, Bank of Thailand governor Sethaput Suthiwartnarueput told a business seminar, discussing the post-pandemic economy. […]
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