Scanning a code to pay for products and services has become popular among consumers in Vietnam’s big cities. Under the impact of the Covid-19 pandemic, non-cash payments have been growing rapidly. Mr. Pham Tien Dung, director of the Payment Department of the State Bank of Vietnam, said that one of the most special marks in […]
Read MoreMANILA, Philippines — The Philippines may not be able to reach its economic targets for 2022 as the Ukraine-Russia crisis significantly impact commodity prices and hinder recovery. In its latest survey, the Japan Center for Economic Research (JCER) slashed its gross domestic product (GDP) forecast for the Philippines for this year, with the country getting […]
Read MoreThe International Monetary Fund (IMF) says the government’s cash transfers for poor and vulnerable households effectively tackled extreme poverty during the first year of the Covid pandemic. In a working paper released in Washington on Friday, the IMF noted that about 710,000 households — 2.8 million people — received cash from the Ministry of Social […]
Read MoreThailand exported 149,284 cars in the first two months this year, down 2.8 per cent year on year due to a microchip shortage, the Federation of Thai Industries (FTI) reports. The prolonged Russia-Ukraine conflict will exacerbate shortages in microchips and auto parts as Russia has halted exports of nickel, palladium and other raw-material metals, said […]
Read MoreJAKARTA: Malaysia and Indonesia agreed that global prices of palm oil should be determined by the two biggest producers and they should not compete, Malaysia’s Prime Minister Ismail Sabri Yaakob said after meeting Indonesia’s President Joko Widodo on Friday. Palm oil prices were among several issues the two leaders discussed in their meeting in Jakarta, […]
Read MoreThe Bank of Thailand (BoT) skyrocketed its inflation rate forecast for this year to 4.9% from 1.7% because of energy and food price surges attributed to supply shock from the Russia-Ukraine war. Headline inflation is projected to be 4.9% in 2022, higher than the central bank’s inflation targeting range of 1-3%. The bank assesses the […]
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