GDP in the spotlight MALAYSIA’S gross domestic product (GDP) report for the second quarter will shed some light on the damage the Covid-19 pandemic has inflicted on the country’s economy. Bank Negara is expected to announce the second quarter GDP on Friday. ING senior Asia economist Prakash Sakpal forecasts an 8.3% year-on-year contraction – the […]
Read MorePPCBank has announced the opening of two new branches, adding to a total of 23 branches and 62 ATMs operating across the country. The two newly opened PPCBank branches are ready to serve customers in convenient locations: Preah Sihanouk Boulevard and National Road 6A. At Preah Sihanouk Boulevard branch, customers can enjoy a range of […]
Read MoreMANILA, Philippines — Bank of the Philippine Islands (BPI) expects the peso to weaken back to 50 to $1 level on the back of declining foreign exchange inflows amid the displacement of more overseas Filipino workers (OFWs) due to the global coronavirus pandemic. BPI lead economist Jun Neri said the local currency is likely to […]
Read MoreConsumer confidence picked up for a third straight month in July, boosted by state relief programmes and the continued easing of coronavirus curbs. The University of the Thai Chamber of Commerce (UTCC) reported on Friday that the consumer confidence index rose to 50.1 in July from 49.2 in June, 48.2 in May and 47.2 in April. […]
Read MoreThe lifestyle-driven spending habits of millennials, as well as the general public’s slow adoption of technological developments in finance, are among the challenges to increasing financial literacy in Indonesia, fintech players have stated. A financially literate person, according to the Financial Services Authority (OJK), has knowledge of financial institutions and financial products, including the features, […]
Read MoreThe Australian Ambassador to Cambodia Pablo Kang, and Preah Sihanouk Provincial Governor Kuoch Chamroeun, launched Australia’s support for a “smart city” strategy for Sihanoukville. “COVID-19 disruptions require new and innovative approaches to service delivery and city development, as government budgets come under pressure,” Ambassador Kang said. Funded by Australia’s Investing in Infrastructure (3i) programme in […]
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