MANILA, Philippines — Cargo volume handled by the country’s ports grew in the first quarter, driven by strong domestic trade which offset a slight decline in foreign cargoes. Data provided by the Philippine Ports Authority (PPA) to The STAR showed that cargo throughput reached 58.24 million metric tons (MMT) in the first quarter, up 2.66 […]
Read MoreEarly this month, the State Bank of Vietnam (SBV) announced a new draft decree providing a controlled testing mechanism (sandbox) for fintech activities in the banking industry. This is the second draft that has been built to gather public opinions for this sector. One content which has been drawing big attention is regulatory sandbox for […]
Read MoreTHE rate of the Bangko Sentral ng Pilipinas’ (BSP) 28-day bills declined anew on Friday as demand for the debt paper continued to remain strong. Data released by the central bank showed that the average rate of the securities slipped to 1.9102 percent from 1.9144 percent during the auction last April 18. The BSP lowered […]
Read MoreThe Asian Development Bank committed $25 million to strengthen Kingdom’s health system. The funding will enhance laboratory services and infection prevention control at 81 provincial and district referral hospitals across the country The Asian Development Bank (ADB) published its annual report, highlighting its operations and financial results in 2021. In the report, ADB also provided details […]
Read MoreThe Tourism Council of Thailand (TCT) said the Thailand Pass scheme should be scrapped from June 1 to gain an additional 2 million tourists from tour groups and help the country to achieve 10 million tourist arrivals this year. Vichit Prakobgosol, TCT vice-president, said the Thailand Pass still obstructs tour operators from bringing inbound tour […]
Read MoreIn March alone, some 53 investors brought 10.83 billion baht to Thailand, the Commerce Ministry said on Monday. Of the investors, 17 hold business licences and 36 hold business certificates, Deputy Commerce Minister Sinit Lertkrai said. He added that these investments created 447 jobs for locals and brought in advanced technology, such as oil well […]
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