KUALA LUMPUR: The Malaysian Institute of Economic Research (MIER) has revised downwards the country’s 2018 gross domestic product (GDP) growth forecast to 4.7% from an earlier 5.5%. Executive director professor Zakariah Abdul Rashid said the lower target was due to a moderation in global demand and over-reliance on private consumption, amid weakened investment activities to […]
Read MoreMANILA, Philippines — Airline passengers could see even higher fares in the next two months should local airlines opt to increase the fuel surcharge. The Civil Aeronautics Board (CAB) said passenger fuel surcharge for domestic and international flights from Nov. 1 to Dec. 31 would increase to Level 4, which means additional cost of between […]
Read MoreRetailers need to create more value for consumers by using the proper equipment, data and technology, according to Will Yunfei Wu, project manager for RetailEX Asean, the largest annual international trade exhibition and conference in Southeast Asia. “2018 is the year of evolution of physical retail. As we head towards the end of the year, […]
Read MoreThe Finance Ministry’s Customs and Excise Office has issued a regulation to lower the import limit for online shopping to only US$75 from the initial $100. “The new regulation will take effect on Oct. 10,” said its director general, Heru Pambudi, in Jakarta on Monday as reported by kompas.com. He said the policy was stated in Finance Minister Regulation No 112/PMK.04/2018 on […]
Read MoreThe Hanoitimes – In 2018, inflation is estimated at 4% year-on-year, the highest level since 2014. Due to external and internal risks, including tightening of monetary policies and trade tension in the global economy and higher inflation of the local economy, interest rates in Vietnam are expected to rise in 2019, according to Viet Dragon Securities […]
Read MoreSingapore unveiled the first-of-its-kind unified payment QR code on Monday, in an announcement by the Monetary Authority of Singapore (MAS) and the Infocomm Media Development Authority (IMDA). Known as the Singapore Quick Response Code (SGQR), it combines multiple payment QR codes into a single label and aims to make QR code-based mobile payments simpler for […]
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Thailand
