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Pinoy expats send home more dollars: central bank

Publication date 19 July 2019 | 15:14 | ICT

Dollars sent home by expatriate Filipinos rose in May thanks to strong remittances from overseas workers with long term employment contracts, maintaining the slow but steady growth path that began last year, the latest central bank figures



  • US Fed sees ‘modest’ growth

    Publication date 19 July 2019 | 15:06 | ICT

    Fears that US President Donald Trump’s trade wars will harm the economy are pervasive, but for now, the US keeps chugging along with steady job creation and tame inflation, the Federal Reserve (Fed) reported on Wednesday.

  • Bank of Korea cuts interest rate as Japan trade row simmers

    Publication date 19 July 2019 | 14:26 | ICT

    South Korea’S central bank on Thursday cut its key interest rate for the first time in three years as the economy struggles with sluggish global growth and with the country embroiled in a trade spat with Japan.

  • Canadia to incentivise CSX-listed companies

    Publication date 19 July 2019 | 14:18 | ICT

    Canada Group has launched an incentive scheme for Cambodia Stock Exchange- (CSX-) listed companies, which it said will attract more firms to the stock exchange.

  • ‘Malnutrition costs 2.4% of annual Lao GDP’

    Publication date 19 July 2019 | 13:20 | ICT

    High levels of childhood malnutrition present a staggering, yet avoidable, loss of human and economic potential for Laos, according to the World Bank.

  • Tusk: Canada, EU ‘close partners’

    Publication date 19 July 2019 | 12:52 | ICT

    Canadian Prime Minister Justin Trudeau launched the Canada-EU summit on Wednesday by praising the “progress” resulting from CETA, their free trade deal, while European Council president Donald Tusk called Ottawa the bloc’s “closest transatlantic partner”.

  • France defiant in digital tax showdown with US at G7

    Publication date 19 July 2019 | 12:17 | ICT

    France on Wednesday said it would push ahead with its law to tax tech giants that has sparked a row with the US, saying that an international accord was the only way to solve the dispute.

  • SSC: VN stock market remains attractive for foreign investors

    Publication date 19 July 2019 | 12:02 | ICT

    While investors tend to withdraw capital from emerging markets and frontier markets, Vietnam is still the destination of foreign investors with foreign indirect investment (FII) in the first half of this year reaching $1.28 billion.

  • Chinese-owned shops are on the rise in central Phnom Penh

    Publication date 19 July 2019 | 08:08 | ICT

    Informal businesses owned by Chinese nationals are on the rise in central Phnom Penh, especially in Tonle Bassac commune, surrounding Koh Pich.

  • Breaking: Ghosn to sue Nissan and Mitsubishi for breach of contract

    Publication date 18 July 2019 | 16:10 | ICT

    Former auto titan Carlos Ghosn, currently under house arrest in Tokyo, is suing Nissan and Mitsubishi in a Dutch court for "improper termination" of his contract, French newspaper Le Figaro reported on Wednesday.

  • Trade woes hit Asian stocks, dollar up, oil down

    Publication date 18 July 2019 | 13:36 | ICT

    Fresh trade worries and uncertainty about the US Federal Reserve’s (Fed) plans for cutting interest rates weighed on Asian markets on Wednesday while fears of a hard Brexit kept the pound wallowing at more than two-year lows.