By 2025, the Philippines is expected to be a coinless society as small transactions would then be done by quick response (QR) codes which will be available through the national identification system, ... ( read original story ...)
The Philippines set to rebound, says governor
MANILA: The worst is over for the pandemic-hit Philippine economy, and a “remarkable rebound” is expected this year, according to the central bank chief, adding that the current accommodative monetary ... ( read original story ...)
Philippine cenbank gov sees solid rebound for pandemic-hit economy in 2021
MANILA - The worst is over for the pandemic-hit Philippine economy, and a 'remarkable rebound ... In sum, the central bank has injected about 2 trillion pesos ($41.6 billion) into the financial system ... ( read original story ...)
Bangladesh to seek LDC benefits for 5 years after graduation
The country would also remain eligible to enjoy duty-free, quota-free access to the European Union market for three more years, lasting till 2029 ... ( read original story ...)
DHFL’s bankruptcy saga shows India will struggle to fix financial system after Covid
India's lending system’s aggregate balance sheet had a gaping hole even before Covid-19. Now, things could turn uglier. ( read original story ...)
A Guru and a Tycoon Feel India’s Endless Bank Salvage Pain
As a battle shapes up around collapsed lender Dewan, central bank stress tests predict non-performing assets in the system could double. ( read original story ...)
Nursing back post-Covid financial system biggest challenge for India
The state-dominated lending system's aggregate balance sheet had a gaping hole even before Covid-19. Now things could turn uglier ... ( read original story ...)
India needs Elon Musk’s Tesla as well as local electric cars to compete — here’s what Finance Minister’s Budget 2021 may do
In the year when billionaire Elon Musk-led Tesla is planning to enter India, the EV will be watching Finance Minister Nirmala Sitharaman’s Union Budget 2021 very closely. India has been trying to get ... ( read original story ...)
China Wants to Open Up Its Financial Markets to Foreigners — But It’s a Long Road Ahead
Regardless of the pandemic or geopolitical tensions, China has stuck to plans to increase the ability of foreigners to participate in the local financial market. ( read original story ...)
Tesla moves a step closer to launching in India
Tesla Motors India and Energy Private Limited was incorporated last week with registered offices in Bengaluru. Tesla chief executive Elon Musk tweeted in October about a foray into India. India’s ... ( read original story ...)