MANILA, Philippines — Micro, small and medium enterprises (MSMEs) may be left with no choice but to permanently shut down business should the government reimpose lockdowns to address the recent surge in COVID-19 cases, the country’s largest tourism network has cautioned. The Tourism Congress of the Philippines (TCP) said reintroducing enhanced community quarantine (ECQ) this […]
Read MoreCambodia approved eight investment projects worth over $69 million in the first three weeks of this month that are expected to deliver 5,249 jobs, according to a report from the Council for the Development of Cambodia (CDC). The CDC gave the green light for final registration certificates to two electronics assembly manufacturing plants – Yuan […]
Read MoreTourism operators expect dull sentiment for the Songkran festival next month and are urging the government to offer more tourism stimulus plans in addition to a continuation of the existing subsidy programme. Thanapol Cheewarattanaporn, president of the Association of Domestic Travel (ADT), said most people are planning visits to meet up with family members during […]
Read MoreMANILA, Philippines — Wholesale electricity spot market (WESM) prices inched higher this month as the warmer weather and looser restrictions push up demand while outage of power plants reduced supply. The Independent Electricity Market Operator of the Philippines (IEMOP) recorded an increase in the spot price at the start of March, reaching an average of […]
Read MoreWHEN Bank Negara released the fourth quarter (Q4) and 2020 gross domestic product (GDP) data about a month ago, the Finance Ministry (MoF) too released a report on Malaysia’s economic performance for last year at the same time. One of the interesting data that was revealed in that report was on Malaysia’s debt-to-GDP ratio. In […]
Read MoreThe Bank of Thailand is open to legal digital currencies and plans to issue a consultation paper on stablecoins within the first half of this year. Siritida Panomwon Na Ayudhya, assistant governor of payment systems policy and financial technology at the central bank, said the bank has only approved baht-backed stablecoin businesses, meaning those classified […]
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