MANILA, Philippines — The Anti-Money Laundering Council (AMLC) yesterday warned banks and other financial institutions that money launderers and perpetrators of financial crimes are taking advantage of the shift in consumer behavior brought about by the COVID-19 pandemic. In a report titled “COVID-19 Financial Crime Trend Analysis,” the AMLC said criminals are abusing digitalization, such […]
Read MoreMedia spending plummeted 20.9% in the first seven months this year because of the pandemic and is expected to fall to a two-decade low of almost 72 billion baht this year, according to Media Intelligence (MI), a media planning and creative agency. The spending plunged to 40.7 billion baht between January and July, compared with […]
Read MoreThe Hanoitimes – Covid-19 has navigated the restructure in the global supply chains and initiated new opportunities for the partnership, and Vietnam and India are no exception. The global health crisis has disrupted established supply chains for manufacturers based in both India and Vietnam, opening up opportunities for the two countries’ businesses to explore alternative options. […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is likely to keep benchmark interest rates steady in the near term amid reduced demand for loans despite all-time low rates due to the COVID-19 pandemic, according to British banking giant HSBC. Noelan Arbis, economist at HSBC, said the Monetary Board is likely to keep its […]
Read MoreThe Thai economy is set for a challenging recovery, as the disruption to exports proves a drag on headline growth. In the second quarter, real GDP growth contracted by 12.2%, from a revised contraction of 1.9% in the first quarter, resulting in a 7.1% drop in first-half GDP. Lockdown measures in force throughout most of […]
Read MoreTHAILAND’S economy did not do as badly as expected in the second quarter, and the worst is likely to be over — though much weakness still lies ahead, said economists after official Q2 figures were released on Aug 17. Gross domestic product (GDP) fell 12.2 per cent year on year in Q2, slightly better than […]
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