BIBD will be introducing Brunei’s first near-field communication payment service on their mobile application for Android this January 23, enabling users to pay at card terminals worldwide by “simply tapping” their phones. In a media engagement yesterday at Belluno, BIBD showcased their NFC system called the BIBD NEXGEN Wallet, which will be incorporated into their […]
Read MoreHSBC Global Research expects the Bank of Thailand (BoT) to hike its policy rate by 25 basis points (bp) at the upcoming meeting on December, 19 after holding it unchanged for more than three years. At the meeting on 14 November, three members voted for a 25bp hike. Only one more vote is needed to […]
Read MoreIndonesia’s trade deficit reached US$2.05 billion in November, Statistics Indonesia (BPS) announced on Monday. The figure is higher than the $2.03 billion recorded in July, which was then the highest deficit in the last five years. The increase was triggered by a $1.46 billion monthly deficit in oil and gas trade despite declining oil prices, both […]
Read MoreSINGAPORE: Private home sales in Singapore more than doubled in November from October as developers marketed more projects. Home builders in the city-state sold 1,198 units last month versus 487 apartments in October, the Urban Redevelopment Authority said Monday. Key Insights Home sales rose to the highest since July. One of the main reasons for […]
Read MoreMANILA, Philippines — The additional revenue to be generated by two House-approved bills that seek to increase tobacco and alcohol excise taxes may not be enough to bridge the P40-billion funding gap for the government’s universal health care (UHC) program, the Department of Finance (DOF) said. In an interview, Finance assistant secretary Antonio Lambino said […]
Read MoreAlthough the military-led government has rolled out a raft of stimulus and relief measures to shore up the grassroots economy, spending and indebtedness among the underprivileged are still rampant. Adding to the poor’s predicament is Thailand’s social inequality, which continues to worsen. Credit Suisse’s 2018 Global Wealth Databook reported growing social inequality here, with 1% or about […]
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