KUALA LUMPUR: Higher prices will persist following the implementation of the Sales and Services Tax (SST), particularly for tobacco products and alcohol, whereby importers and manufacturers have planned to pass the tax down to consumers. Sin stocks British American Tobacco (M) Bhd , Heineken Malaysia Bhd , Carlsberg Brewery Malaysia Bhd have implemented an industrywide price increase as they traditionally do […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is holding its rate-setting meeting as scheduled next week, vowing stronger action to curb rising inflationary expectations. In an interview with reporters on the sidelines of the signing of the memorandum of agreement expanding the Negosyo Center financing ecosystem, BSP Governor Nestor Espenilla Jr. said the Monetary Board […]
Read MoreThe Hanoitimes – Preferential policies in the renewable energy industry have helped Vietnam lure more foreign investors to enter the industry rapidly through mergers and acquisitions (M&As) with local peers. Thailand’s B Grimm Power Plc has recently announced the completion of a US$35.2 million acquisition of a solar photovoltaic power projects in Vietnam. Specifically, BGRIM, through […]
Read MoreThe increase of the global crude oil price has changed Indonesia’s outlook for revenue and subsidies, estimated to grow 50 percent to Rp 240 trillion (US$16 billion) and Rp 148 trillion, respectively by the end of this year. The government set its Indonesian Crude Price (ICP) for August at $69.36 per barrel, while the global oil price reached $78 per barrel for […]
Read MoreBangkok Bank (BBL), the country’s largest lender by assets, is set to roll out cardless QR code technology on an e-wallet platform for users to make payments Thailand and abroad after the service exits the Bank of Thailand’s regulatory sandbox, which is expected to happen next month. The bank is testing out e-wallet top-ups via both […]
Read MoreA LONG-AWAITED piece is finally in place that will get Singapore’s electronic payments transformation going. Singapore on Monday launched a single, standardised QR or Quick Response code for e-payments in what could be a global model for other jurisdictions. Just as significant, the government also announced it will open the interbank payment gates to fintech […]
Read More
Thailand
