The Electronic Transactions Development Agency (ETDA) plans to invest 1 billion baht through strategic partners to build a local e-commerce platform to compete with global giants like Alibaba and JD.com. The move aims to create more local opportunities in Thailand’s burgeoning e-commerce sector, expected to be worth 3.3 trillion baht in 2019, growing 14% year-on-year. The […]
Read MoreJAKARTA: Indonesian President Joko Widodo (Jokowi) called for an increase in capital spending to bolster growth as a slowing global economy, the US-China trade war and rising oil prices pose risks to South-East Asia’s largest economy. Chairing the second cabinet meeting in two days, Jokowi, who is on course for a second five-year term, laid […]
Read MoreThe Kampong Speu Palm Sugar Promotion Association (KSPSPA) has expressed optimism that the EU’s recognition of Kampong Speu palm sugar will strengthen the Kingdom’s palm sugar market and better serve farmers. KSPSPA president Sam Saroeun said international recognition of it being a Cambodian product with a geographical indication (GI) status would help increase the value of the […]
Read MoreKUALA LUMPUR: The World Bank Group has maintained Malaysia’s 2019 gross domestic product (GDP) growth forecast at 4.7 per cent, driven by private consumption. Lead economist for Malaysia Richard Record said private consumption would continue to be the main driver of growth, albeit expanding at a more measured pace. “Household spending will be buoyed by […]
Read MoreLENDING and borrowing remains an issue in Vietnam’s real estate market, even as Ho Chi Minh City continues to lag Hanoi in property developments, a report has noted. Restrictions on expansion in Ho Chi Minh City has worsened the prospects for mass-market launches outside the central area, said Maybank Kim Eng analyst Thai Quang Trung, […]
Read MoreVISIT a bank now and you will most likely be greeted by a bank teller, customer service officer and a relationship manager. But those roles might soon be taken over by a digital ambassador, who would also be expected to use advanced analytics to predict customers’ needs and provide advisory services to customers beyond the […]
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Thailand
