MANILA, Philippines — The Philippines successfully raised the share of digital payments to 20 percent of retail transactions last year from only one percent seven years ago amid the shift in consumer behavior due to the quarantine measures brought about by the global health pandemic, according to the Bangko Sentral ng Pilipinas (BSP). BSP Deputy […]
Read MoreAs demand for self-built homes remains strong, particularly in the high-end segment, homebuilder Landy Home (Thailand) is aiming for sales growth of 15% to 2.4 billion baht this year. Pornrat Maneerattanaporn, the company’s deputy managing director, said demand for self-built homes is always strong regardless of the economic conditions. “Demand rose during the pandemic as […]
Read MoreThe Bank of Thailand (BoT) left its key interest rate unchanged at a record low on Wednesday, as widely expected, but slightly lowered its 2021 GDP growth forecast after a second wave of coronavirus infections hit economic activity. The economy continues to rebound but the risks remain high, the central bank said in a statement, […]
Read MoreThe Monetary Policy Committee (MPC) will likely keep its key interest rate unchanged on Wednesday at an all-time low to save limited policy space while also cutting its growth forecast for the year. All 25 economists surveyed by Bloomberg expect the Bank of Thailand’s commitee to keep the policy rate at 0.5% for a seventh […]
Read MoreAddressing financial affairs, particularly public debt and financial leaks, is one of the seven urgent issues that the government will tackle over the next five years. Newly-elected Prime Minister Phankham Viphavanh highlighted the seven concerns when presenting a draft of the 9th five-year National Socio-Economic Development Plan for 2021-25 and State Budget Plan for 2021-25 […]
Read MoreSINGAPORE: Singapore’s February main price gauge turned positive for the first time in a year, fuelled by an increase in services costs and higher food inflation, data showed on Tuesday. Core inflation – the central bank’s favoured price measure – was up 0.2% in February from a year earlier. A Reuters poll of economists had […]
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