Reflecting industry concerns, the boss of Thai AirAsia (TAA) yesterday warned that ticket prices inflated by the jump in excise tax on jet fuel will have a detrimental effect on domestic tourism. TAA chief executive Tassapon Bijleveld said passengers flying domestic flights are mostly of the leisure type and are price-sensitive. “A 100- or 200-baht […]
Read MoreCredit cards are increasingly common in Myanmar, with most of the bigger lenders offering the product. But people in the banking sector say it will take around five years until credit cards are widely used. KBZ Bank managing director U Zaw Lin Aung speaks at a press conference announcing partnership with Visa earlier this year. […]
Read MoreViet Nam’s trade deficit rose by US$100 million in the first month of the year after enjoying a trade surplus of billions of dollars in 2016. The trade deficit accounts for 0.7 per cent of the export turnover, according to the latest update from the General Statistics Office (GSO). GSO said the country’s total import-export turnover in […]
Read MoreRetail customers offer a silver lining for banks amid tepid demand in corporate lending and the fragile state of small and medium-sized enterprises (SMEs), says Kasikorn Research Center (KResearch). Lending to individual customers in 2017 is expected to continue to outshine overall loan growth and the traditional mainstay of Thai lenders — commercial loans — […]
Read MoreJAKARTA – Australia’s Tigerair said on Friday it has permanently ended all flights to the popular resort island of Bali after Indonesian authorities required “an alternative regulatory solution” for its operations. Hundreds of passengers were stranded in early January when Tigerair Australia suddenly canceled its Bali flights, citing what it called new administrative requirements from […]
Read MoreThe mortgage market in Thailand was nothing short of spectacular from 2010 to 2014, with annual growth exceeding 12% for five consecutive years, reflecting rising demand in urbanised areas and government incentives for first-home buyers. However, growth slowed to 9% in 2015 and 7% last year, despite government stimulus through reductions in registration and transfer fees […]
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