MANILA, Philippines — The country’s external debt climbed by eight percent last year due to higher borrowings by the private sector particularly banks, the Bangko Sentral ng Pilipinas (BSP) reported over the weekend. Newly installed BSP Governor Benjamin Diokno said the country’s external debt reached $79 billion or 23.9 percent of gross domestic product (GDP) in 2018 from $73.1 […]
Read MoreKUALA LUMPUR: There appears to be a lack of proper succession planning among family owned businesses in Malaysia generally, said PwC Malaysia’s entrepreneurial and private business leader Fung Mei Lin. Citing results from the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) Family Business Survey Report 2018 conducted among almost 100 family businesses, Fung […]
Read MoreThe government is pushing regional administrations to exploit the country’s numerous digital start-ups to boost local tourism and empower local economies to drive economic growth. The digital economy was key to the global tourism industry, as well as Indonesia’s tourism industry, as it helped the sector to grow more rapidly than ever, Investment Coordinating Board (BKPM) head Thomas Lembong […]
Read MoreBangkok Bank (BBL) plans to start offering cross-border payments via standardised QR code in Japan later this month and aims to extend digital payment service across Asean in the next phase. With the service, users would be charged lower fees for foreign currency exchange than credit cards or cash, and it is convenient, said executive vice-president […]
Read MoreIndustry Minister Airlangga Hartanto has said Indonesia exported cigarettes worth US$931.6 million last year, up 2.98 percent from $904.7 million in 2017. He added that the cigarette excise was recorded at Rp 153 trillion last year, up 3.9 percent from Rp 147 trillion in 2017. “Cigarette excise tax revenue contributed 95.8 percent of the national excise tax revenue,” Airlangga […]
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Thailand
