The Bank of Thailand (BoT) and the Monetary Authority of Singapore (MAS) have embarked on a digital payment linkage between the two countries via the PromptPay and PayNow systems. The Thai central bank and the central bank and financial regulatory authority of Singapore on Thursday unveiled the linkage of Thailand’s PromptPay and Singapore’s PayNow real-time retail […]
Read MoreBUSINESS optimism in Singapore’s manufacturing and services sector continues to rise, with more firms seeing better conditions in the six months ahead, according to quarterly surveys released on Friday. In the manufacturing sector, a net weighted balance of 38 per cent of firms expect favourable business conditions for the six-month period from April to September, […]
Read MoreOutflow of speculative funds down to 67% in Q1 MANILA, Philippines — The net outflow of speculative funds invested in the Philippines slowed by 67.4 percent to $483.45 million in the first quarter amid the improving global economic outlook and the rollout of COVID-19 vaccines, the Bangko Sentral ng Pilipinas (BSP) said. Data released by […]
Read MoreThe Finance Ministry’s Fiscal Policy Office (FPO) on Thursday slashed its economic growth forecast for the second time to 2.3% this year from its earlier prediction in January of 2.8% and 4.5% in Oct 2020, attributing largely to the battered tourism sector due to the Covid-19 pandemic. Kulaya Tantitemit, director-general of the FPO, said the […]
Read MoreThe National Bank of Cambodia (NBC) and the Ministry of Posts and Telecommunication signed a memorandum of understanding (MoU) aimed at fostering the country’s ambitious plan of transforming itself into a digital economy over the next few years. The MoU was signed virtually on April 29 between NBC director-general Chea Serey and ministry secretary of […]
Read MoreSINGAPORE – The labour market has continued its recovery from the impact of the Covid-19 pandemic in the first three months of the year, latest manpower estimates showed on Wednesday (April 28). Total employment grew for the first time since the start of the pandemic in the first quarter of the year, led mostly by the services […]
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Thailand
