The Hanoitimes – The number of fintech companies have increased rapidly in Vietnam in recent years as the industry has high growth potential while the government encourages cashless transactions. The competition in the Vietnamese fintech market is becoming tough, with forecast that only a few big players, with financial support from foreign investors to gain the […]
Read MoreMANILA, Philippines — Growth in consumer prices for the bottom 30 percent of households in the country went faster in May as prices of food, housing and utilities registered an uptick in areas outside Metro Manila, the Philippine Statistics Authority (PSA) reported yesterday. Inflation for the income subgroup accelerated to 4.6 percent in May after […]
Read MoreThe central banks of Thailand and Laos on Monday signed a memorandum of understanding on banking supervision. Veerathai Santiprabhob, governor of the Bank of Thailand, and Sonexay Sitphaxay, governor of the Bank of the Lao PDR, put their names to the document. The MoU serves as a solid foundation for effective cooperation in the supervision […]
Read MoreTHE CLMVT (Cambodia, Laos, Myanmar, Vietnam and Thailand) subregion is set for significant growth in internal cooperation and investment in the next decade, said Prime Minister Prayut Chan-o-cha along with trade officials from the five countries. To achieve that, the region’s private and public sectors must work together to enhance economic connectivity between the different […]
Read MoreINDONESIA’S foreign trade surprisingly swung back to a surplus in May, against market expectations of a US$1.38 billion deficit, spurring some hopes for improvement in the country’s trade outlook despite the Sino-US trade war. South-east Asia’s largest economy had a US$207.6 million surplus for May, the statistics bureau said on Monday, as imports dropped near […]
Read MoreCORPORATE and institutional customers in Asia are highly satisfied with the banking products and services provided by Singapore’s DBS Bank, United Overseas Bank (UOB) and OCBC Bank, according to a twice-yearly survey by specialist research and consulting firm East & Partners Asia. For liquidity management solutions, UOB topped the customer satisfaction rating in the region, […]
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