MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has raised the bar for consumer protection in line with its broader efforts to promote the welfare of financial consumers. BSP Governor Felipe Medalla has issued Circular 1160 to implement Republic Act 11765 or the Financial Products and Services Consumer Protection Act (FCPA). “The circular is […]
Read MoreThe cabinet has approved a financial transaction tax on individual stock investors, ending a four-decade waiver. According to Finance Minister Arkhom Termpittayapaisith, Tuesday’s decision aims to create fairness in the tax system between securities traders in the stock market and people who do not interact with the Thai bourse. The financial transaction tax on share sales […]
Read MoreMANILA, Philippines — The Philippine economy is facing a tough 2023 amid a new set of global headwinds that could creep into the domestic front, with growth expected to fall below government expectations, the state-run think tank said. In its latest discussion paper, the Philippine Institute for Development Studies (PIDS) said domestic activity may weaken […]
Read MoreVietnam-China relations in the past were based mostly on trade and construction bids. What will be important for the new period? Three decades ago was the time for China to grow and rise. They focused on economic development and luring investment and going abroad, opening their market, promoting cooperation, and expanding its influence. During that […]
Read MoreThailand is likely to miss its ambitious target of electric vehicles (EVs) comprising 50% of locally made vehicles by 2030 for a variety of reasons, notably high energy prices and limited EV charging facilities, says global management consultancy Arthur D. Little. The company expects EVs to make up only 7% of Thailand’s locally made vehicles by […]
Read MoreiPhone accounted for 20.5 percent of market share in Vietnam in October 2022, according to GfK. The figure was only less than 1 percent higher than Oppo, but this was enough for iPhone to jump to the second position in the domestic smartphone market. The new-generation phones play an important role in the jump. iPhone […]
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