SINGAPORE: One of the world’s easiest places to do business, the city state is making it simpler for investment managers to register funds locally as it goes after a bigger slice of the US$69 trillion global asset-management industry. While many asset managers have offices in Singapore, most of their funds are still registered in offshore jurisdictions. A […]
Read MoreJuly and August were busy months for condominium developers in Bangkok, with 11,600 new units launched, bringing the total to 33,395 for the first eight months of 2018. The two-month total was 37% higher than for the entire second quarter of this year, and many more developments are in the pipeline for this month. Consequently, […]
Read MoreHANOI (REUTERS) – Grab announced on Tuesday (Sept 11) its partnership with Vietnam’s MOCA Technology and Service company (Moca) for a mobile payment service in Vietnam, as the ride-hailing firm pushes to cement its position in the South-east Asian country. Grab has made digital payments and financial services a significant part of its growth strategy […]
Read MoreMANILA, Philippines — Despite raising policy rates by a cumulative 100 basis points (bps) or one percentage point in three months, the Bangko Sentral ng Pilipinas (BSP) can be expected to implement another rate hike by December and two more next year, said UK-based advisory firm Oxford Economics. In a research noted issued Friday, Oxford […]
Read MoreMANILA, Philippines — A total of 52.8 million Filipino adults do not have bank accounts amid the heightened efforts of the Bangko Sentral ng Pilipinas (BSP) to promote financial inclusion. Results of the BSP’s 2017 Financial Inclusion Survey (FIS) show 60 percent of the respondents reported not having enough money as the main reason for […]
Read MoreThe planned repayment of value-added tax (VAT) to government welfare smartcard holders is expected to take shape by the end of this year, a move meant to improve their purchasing power. The Finance Ministry is preparing to install a system to pay back consumption tax to the recipients of the government’s welfare scheme, said Finance Minister […]
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Thailand
