MANILA, Philippines — Most economists expect the country’s economy to have expanded by over eight percent in the second quarter, supported by the reopening of the economy and election spending. A STAR poll of eight economists showed six have a gross domestic product (GDP) growth forecast of over eight percent for the second quarter. The […]
Read MoreThe Bank of Thailand expects to begin testing its retail digital currency at the end of this year and the process will continue through mid-2023. According to a statement issued yesterday on the progress of the Retail Central Bank Digital Currency (Retail CBDC) development, the central bank will assess the benefits and risks from the pilot […]
Read MoreCambodia has some 17.8 million internet subscribers, exceeding the country’s total population of 16 million because many people have subscribed to more than one internet service, Minister of Post and Telecommunications Chea Vandeth said on Thursday. Speaking at a press conference here, the minister said about 17.48 million have subscribed to the mobile internet service […]
Read MoreTHAILAND’S central bank said on Friday (Aug 5) it expected to test its retail digital currency from late this year to the middle of 2023, as an alternative payment option. During the testing, the retail central bank digital currency (CBDC) will be used in conducting cash-like transactions, like paying for goods and services, within limited […]
Read MoreMANILA, Philippines (Update 1, 11:08 a.m.) — Inflation remained painfully high in July, keeping the pressure on the Bangko Sentral ng Pilipinas to stay hawkish as rising prices squeeze Filipino households’ budgets. Inflation, as measured by the Consumer Price Index (CPI), accelerated 6.4% year-on-year in July, faster than 6.1% recorded in June, the Philippine Statistics Authority reported […]
Read MoreWith the internal strength of the currency and the central bank’s flexible management, the VND is expected to depreciate by a maximum of 3% in 2022. The Vietnamese Dong (VND) has devalued by 2.21% against the US dollar compared to late 2021, but remained the most stable currency in the region, according to the Bao […]
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