MANILA, Philippines — The share of digital payments to total retail transactions topped 20 percent last year as the pandemic served as a catalyst to digitalization, the Bangko Sentral ng Pilipinas said. In his weekly virtual press conference, BSP Governor Benjamin Diokno said the central bank achieved its objective under the National Retail Payment System […]
Read MoreProlonged social distancing in many localities have led to lower-than-expected economic growth for the first nine months, but with the accelerated vaccine rollout, the economy is expected to gain growth momentum soon. The Ministry of Health last week sent a document to leaders of all provinces and cities nationwide, urging them to accelerate the speed […]
Read MoreThe number of tourists visiting Koh Kong province during the three days of Pchum Ben festival this year decreased by almost 60 percent, when compared to last year’s holiday. Less than half of the usual number of tourists came to stay and visit tourist spots around the province, according to officials from the Koh Kong […]
Read MoreSiam Piwat Co, a large Thai mall operator, has forged a partnership with Pavilion Group, a Malaysian retailer, to open its first concept store outside Thailand at Pavilion Bukit Jalil in Kuala Lumpur. Usara Yongpiyakul, Siam Piwat’s chief executive for retail business, said that under this partnership the company will debut three of its curated […]
Read MoreMANILA, Philippines — As economic activities crawl back to full capacity, the trade sector is expected to sustain its recovery for the rest of the year, but authorities should remain vigilant against the resurgence of cases that may require a revert to lockdowns. In an economic bulletin, Finance Undersecretary and chief economist Gil Beltran said […]
Read MoreThe domestic textile and garment industry is likely to not reach its goals in production and business due to the strong impacts of the COVID-19 pandemic, according to the Vietnam Textile and Apparel Association (Vitas). The last three months of this year are considered to be an extremely difficult period for the textile industry, it […]
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Thailand
