The central bank of Laos has piloted a digital currency project with a Japanese blockchain firm to grow the digital economy and cashless payment systems in Laos. Laos expressed interest to develop its own digital currency in the near future as part of its cooperation efforts with Soramitsu, a Japanese financial technology startup in 2021. The Bank […]
Read MorePETALING JAYA: The majority of Malaysians may earn more than the minimum wage, but they still do not earn a “living wage” that would allow them and their families to enjoy a comfortable life, said Universiti Tun Abdul Razak economist Dr Barjoyai Bardai. He said 50% of Malaysians earn about RM2,000 monthly, which does not reflect […]
Read MoreAfter above-target January print MANILA, Philippines — Economists raised their Philippine inflation forecasts this year after the price index blew past expectations to hit a fresh 14-year high of 8.7 percent in January. Aris Dacanay, economist for ASEAN at British banking giant HSBC, said he sees inflation averaging 5.7 percent this year, higher than their […]
Read MoreCambodia’s exports to the European Union (EU) last year were worth $4.045 billion—a more than 25 per cent hike from the $3.229 billion registered in 2021, according to the ministry of commerce. Cambodia-EU trade was worth $4.857 billion last year, rising by 15.9 per cent from $4.190 billion in 2021. The country’s imports from the […]
Read MoreKUALA LUMPUR: Malaysia’s gross domestic product (GDP) is projected to hit 8.4% in 2022 compared with 3.1% in 2021, marking the highest growth among Asean countries, according to Bank Islam Malaysia Bhd. The GDP growth for the fourth quarter of 2022 is expected to reach 5.7%. Bank Islam chief economist Firdaos Rosli said this would […]
Read MoreThe Thai Hotels Association (THA) has urged the next government to prioritise the tourism industry as a key economic driver, addressing the labour shortage, low level of safety and security, as well as sustainability. Marisa Sukosol Nunbhakdi, the THA president, said Thai tourism workers are in high demand in many countries where the industry has revived, including […]
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