PETALING JAYA: The unemployment rate, which stood at 4.8% in December last year, is expected to remain elevated in the first half of the year. BIMB Securities said it foresees challenges for the labour market to continue recovering in the coming months, as businesses may hold back hiring on concerns about weaker domestic demand and […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has warned local banks as well as financial institutions including remittance transfer companies, virtual currency exchanges, electronic money issuers and operators of payment systems, to avoid being used by unlicensed online gaming or betting operators as conduits of funds for their illegal activities. BSP Deputy Governor […]
Read MoreVietnam has moved up two places to 55th in the list of the world’s 60 most innovative economies compiled by Bloomberg, but lags far behind Asian peers. With an overall score 49.01 out of 100, Vietnam fared badly in the against countries such as Singapore (2nd), Malaysia (26th) and Thailand (36th) in the annual Bloomberg Innovation Index. […]
Read MorePETALING JAYA: The services sector’s revenue increased 1.7% quarter-on-quarter (q-o-q) to RM435.9bil in the fourth quarter of 2020 (Q4) compared to Q3, said the Department of Statistics. Chief statistician Datuk Seri Dr Mohd Uzir Mahidin (pic) said the growth was driven by the wholesale and retail trade, food and beverage (F&B) and accommodation segment, which […]
Read MoreThe government’s continued efforts to crack down on counterfeit and pirated goods has yielded fruit as the latest findings of the US’s 2020 Review of Notorious Markets for Counterfeiting and Piracy has not identified any notorious markets in Thailand that engage in selling counterfeit and pirated goods. Vuttikrai Leewiraphan, director-general of the Intellectual Property Department, […]
Read MoreMANILA, Philippines — The earnings of Philippine banks slumped to a four-year low, declining by 32.8 percent to P154.96 billion last year from a record P230.67 billion in 2019 as the industry’s provision for potential loan losses arising from the impact of the pandemic almost quadrupled, according to the Bangko Sentral ng Pilipinas (BSP). Last […]
Read More
Thailand
