Although not widely reported, China’s currency, the renminbi (RMB), has gradually penetrated Indonesia. It is reported that currently around 10 percent of Indonesia’s global trade uses the RMB. In ... ( read original story ...)
India posts record fiscal deficit as coronavirus hits economy
India's federal fiscal deficit touched a record $88.5 billion in the April-June quarter, 83.2% of the target for the whole of the current fiscal year, reflecting the impact of the coronavirus pandemic ... ( read original story ...)
HashCash Collabs with UAE Retailer to Enable Low-Touch Shopping Experience
As industries gradually shift towards automation to minimize the manual way of doing things, HashCash is helping UAE based leading retailer to reform their present operational and business set-up ... ( read original story ...)
Etisalat JV launches free digital utility bill payment services for UAE customers
Customers can also recharge their prepaid account, make charity payments, purchase game and music vouchers via the eWallet app ... ( read original story ...)
Pakistan artillery kills 15 civilians in Afghanistan, Kabul says, after clashes at closed border
The artillery fire came after clashes between Pakistani and Afghan security forces at the closed Chaman-Spin Boldak border crossing, where crowds on both sides were waiting to cross for the Muslim ... ( read original story ...)
Thai fin ministry slashes 2020 GDP outlook to 8.5% contraction
Thailand's finance ministry on Thursday slashed its 2020 economic forecast to a record 8.5% contraction in gross domestic product from the 2.8% growth it projected in January, due to the impacts of ... ( read original story ...)
Thailand second quarter economy likely shrank by record 12%-13% year-on-year: central bank
Thailand's economy may have shrank by 12%-13% in the second quarter from a year earlier due to the impacts of the coronavirous pandemic, the central bank said on Friday, in what could be a record ... ( read original story ...)
Turkey and Greece Need Angela Merkel’s Intervention
A rare opportunity to calm the troubled waters of the Eastern Mediterranean arose this week, with Turkey putting on hold a controversial seismic survey in an area contested by Greece. Its research ... ( read original story ...)
Turkey gives services, tradesmen tax relief over virus
Aiming to support economic activities feeling fallout from pandemic, move includes VAT and withholding tax cut - Anadolu Agency ... ( read original story ...)
Philippine banking system grows despite pandemic; resources at 95% of GDP —DOF
The Philippines’ banking system grew faster than the country’s nominal gross domestic product (GDP) in May this year, and even accounted for 95.8% of the economy, data released by the Department of ... ( read original story ...)