Banque Pour Le Commerce Exterieur Lao Public (BCEL) has announced that customers will now be able to receive international bank transfers directly into their accounts through MoneyGram. The bank’s new service will make it easier for Lao people to receive money from relatives settled abroad and it is also a boon for digital nomads who […]
Read MoreCambodia registered 161 new factories in the January-November period of this year, bringing the total number of factories to 1,968, according to the Ministry of Industry, Science, Technology, and Innovation. The total factories had a total investment of $16 billion as of November, said the ministry’s Secretary of State and spokesman Heng Sokkhung. A total […]
Read MoreJAKARTA: Indonesia’s inflation eased in November but stayed above the central bank’s target range for the sixth consecutive month amid rising food prices and higher transportation fares, official data showed on Thursday. The headline annual inflation rate eased to 5.42% in November, compared with 5.71% in October and 5.50% expected by analysts polled by Reuters. […]
Read MoreThe Bank of Thailand believes the country’s economy will take off in the final quarter of this year and return to pre-pandemic growth levels. As a consequence, the central bank increased its policy rate by a quarter-point despite mounting pressure from a projected global economic slowdown. The Monetary Policy Committee (MPC) on Wednesday voted unanimously to […]
Read MoreMANILA, Philippines — More foreign companies are likely to enter the insurance business in the Philippines as the final tranche of the increase in capital requirement – a move that would impact small local firms – nears implementation. The Philippine Insurers and Reinsurers Association (PIRA), the umbrella organization representing the collective interests of the non-life […]
Read MoreConsidering the significance of local currency in enhancing the economic aspirations of the country, the National Bank of Cambodia has been consistently promoting the usage of riel. The central bank’s efforts in popularising the usage of local currency have gained momentum with a reported increase in the activity for riel. According to a survey by […]
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