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Thailand: Private school SET-listing raises eyebrows

Education Minister Teerakiat Jaroensettasin is questioning tax exemption privileges for schools after an international school operator went public in the stock market.  “The Private Schools Act allows private schools to enter the stock market. But questions should be raised if it’s ethical for a company that owns a private school to enter the stock market while […]

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Go-Jek said to enter Singapore this week in challenge to Grab

SINGAPORE: Indonesia’s Go-Jek plans to roll out a preliminary version of its ride-hailing app in Singapore Thursday, bringing fresh competition to the hometown of arch-rival Grab, according to people familiar with the plan. Go-Jek’s beta app will be available to a limited number of consumers before expanding it to a wider population as testing progresses, said the people, who […]

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Cambodia: S&P says banking system risks ‘moderating’

Due to robust national growth and moderating risks in the financial sector, credit rating agency Standard & Poor’s has revised the Banking Industry Country Risk Assessment (BICRA) economic risk trend for Cambodia to stable from negative. Despite the positive assessment, the sector remains “high risk” due to excessive loan growth, S&P said. In a report […]

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Thailand: Battle lines drawn as e-commerce surges

The e-commerce battlefield will intensify as five key platforms — search engine, social media, chat messaging, payment and pure e-commerce provider — jump on the bandwagon, driving further cross-border business in Thailand.  In 2019, Google Shopping, Facebook Marketplace, Line and Facebook Messenger will further integrate with e-payment. Kasikornbank (KBank) will also expand with K- Market, said Thanawat […]

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