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Big foreign investors change Vietnam’s online marketplace

The Hanoitimes – Vietnam’s online marketplace is developed rapidly given by big investments of foreign players, which has helped local consumers access to better quality services at more reasonable prices. Foreign players have so far spent aggressively in the market and even accepted losses to gain top positions. According to the Map of E-commerce in Vietnam […]

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Indonesian tourism set to beat Thailand in 5 years

Tourism Minister Arief Yahya says growth in the Indonesian tourist industry may surpass that of Thailand within the next five years.  “We can beat ‘Amazing Thailand’ and ‘Malaysia Truly Asia’ ,” Arief said in a discussion at the State Secretariat in Jakarta on Tuesday as reported by kompas.com, arguing that in 2014, Indonesia ranked 70th in the world tourist Industry, but […]

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Philippines: Gov’t wants more clearing houses for digital deals

MANILA, Philippines — The Bangko Sentral ng Pilipinas is rushing the launch of more automated clearing houses (ACHs) particularly on government transactions as it aims to increase the level of cashless transactions to 20 percent by 2020 from the current level of about one percent. Vicente de Villa III, officer-in-charge of the central bank’s financial technology sub-sector (FTSS), said […]

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