MANILA, Philippines — Cash sent home by overseas Filipino workers (OFWs) went up by 3.8 percent to $2.67 billion in April from $2.57 billion a year ago, buoyed by remittances from land-based workers with long-term contracts, the Bangko Sentral ng Pilipinas (BSP) said. From January to April, the BSP said personal remittances increased by 2.6 […]
Read MoreBeijing’s Belt and Road Initiative (BRI) has boosted Cambodia’s inbound trade, tourism and investment from China in the nearly nine years since its unveiling, according to the Chinese embassy in Phnom Penh. The embassy said in a June 14 statement that the BRI has fostered transformation and development in three key areas, namely bilateral trade, […]
Read MoreThe Securities and Exchange Commission (SEC) says listed companies investing in cryptocurrency and digital assets must have risk management systems in place to reduce the impact of market volatility. The cryptocurrency market has continued to decline amid heavy sell-offs, with its market value having plunged about 70% in seven months. As of 3pm on Wednesday, […]
Read MoreMANILA, Philippines — Sales of local car and truck assemblers went up by a fifth in May from a year ago, amid improving economic conditions. The Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and Truck Manufacturers Association (TMA) released a joint report yesterday which showed their combined sales reaching 26,370 units in May, […]
Read MoreThe Bank of Thailand (BoT) said on Wednesday it was closely monitoring capital movements and the baht currency and was ready to take action on any excessive volatility. The weakening and fluctuation of the baht were driven by expectations the US Federal Reserve would accelerate policy tightening, and concerns over a global economic slowdown, said […]
Read MoreThe banking sector stands ready to provide sufficient capital for economic development. Vietnam’s credit growth as of June 9 expanded by 8.15% against late 2021 and up 17.09% year-on-year, which is in line with the ongoing economic recovery process. Vice Governor of the State Bank of Vietnam (SBV) Dao Minh Tu revealed the figures at […]
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