MANILA, Philippines — Remittance growth slowed last April, but remained above the target set by the Bangko Sentral ng Pilipinas (BSP). BSP Governor Benjamin Diokno said personal remittances inched up by 3.7 percent to $2.71 billion in April from $2.62 billion in the same month last year. This was slower than the 6.4 percent growth […]
Read MoreThai brands are gaining a foothold in Malaysia’s thriving retail sector with the help of a newly established platform developed by compatriot Central Pattana (CPN). The grand opening of the 8.5-billion-baht Central i-City in Selangor last week offered Thai firms easy access to the Malaysian market, where their presence so far has been limited. Restaurant chains […]
Read MoreSMALL businesses in the Asia-Pacific, facing a capital crunch, are turning to new funding sources, according to Economist Intelligence Unit (EIU) research commissioned by Mastercard. The growth of alternative finance points to “untapped market opportunities and more growth and change in financial markets ahead”, it added. In fact, financial technology (fintech) investments in South-east Asia […]
Read MoreMANILA, Philippines — Local vehicle assemblers see the road to recovery getting clearer despite nearly flat sales in the first five months of the year. The joint report of the Chamber of Automotive Manufacturers of the Philippines Inc. (CAMPI) and the Truck Manufacturers Association (TMA) released yesterday showed combined sales reached 142,185 units as of […]
Read MoreOil palm growers have called for cooperation from retailers to abstain from launching any sale promotions for bottled cooking palm oil, as such programmes would push down farm prices for fresh palm nuts. The growers also voiced support for the government’s policies to help shore up fresh palm nut prices. “For almost a year, the […]
Read MoreKUALA LUMPUR: Banks embarking on digital transformation must be willing to cannibalise their own business to become successful, according to a financial technology (fintech) commentator. Chris Skinner, chief executive officer of UK-based fintech and financial markets blog, The Finansier, said banks need to employ individuals that could “destroy the business”. “Financial institutions that want to […]
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Thailand
