MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has imposed a three-year moratorium on the grant of digital banking licenses starting next month to closely monitor the performance and impact of the new banking classification on the industry. In his weekly virtual press conference, BSP Governor Benjamin Diokno said the central bank’s Monetary Board […]
Read MoreCharoen Pokphand Foods Plc (CPF) has won plaudits from the Public Health Ministry for its successful implementation of the bubble and seal measure, in line with the government’s aim to safeguard factory workers and communities against Covid-19 infections. Sathit Pitutecha, deputy public health minister, praised the company for correct implementation of public health measures concerning […]
Read MoreThe macroeconomic assumptions of a recently released 2022 state budget draft reflect the expectation that Indonesia’s economy will largely return to pre-pandemic conditions by 2022, a postponement of predictions outlined in the 2021 budget. The 2022 draft presumes that some key macroeconomic indicators such as gross domestic product (GDP) growth, the inflation rate and the […]
Read MoreThe government is preparing a master plan to develop intelligent transport systems (ITS) to properly consolidate and invigorate the technological development and capabilities in the industry, in the expectation of a soft launch in 2023. ITSs are environmentally-friendly modern applications designed to efficiently provide real-time data pertaining to different modes of transport and traffic management, […]
Read MoreMANILA, Philippines — The government has collected P275.38 billion in taxes from fuel marking, nearly two years since this scheme was implemented, Finance Secretary Carlos Dominguez said. The fuel marking scheme seeks to eliminate the presence of illicit fuel in the market. Under the program, regulators use a chemical identifier to determine which petroleum products […]
Read MoreThe baht opened at 33.35 to the US dollar on Friday, unchanged from Thursday’s closing rate. The Thai currency is likely to move between 33.30 and 33.45 during the day, Krungthai Bank market strategist Poon Panichpibool said. Poon explained that the baht had not weakened in proportion with the strengthening of the dollar, as exporters […]
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