The Hanoitimes – It is good for Vietnam to get foreign investment in its fintech sector as support in technology, experience and capital from global major foreign financial groups will help local firms further develop. A Vietnamese central bank’s proposal to limit foreign ownership in the country’s fintech sector might prevent local firms from calling for […]
Read MoreThe Excise Department is about to require that local beer brewers adopt electronic stamp duty in October, aiming to fix a tax leakage problem as beer tax revenue continues to fall short of target. The department believes that e-stamp duty will help prevent tax avoidance and thwart local sales of beers produced for export, as […]
Read MoreMANILA, Philippines — Philippine manufacturing activity registered a subdued recovery in June, bucking the contraction in factory output in the ASEAN region, according to the latest IHS Markit Manufacturing Purchasing Managers’ Indices (PMI). Local goods producers in the Philippines reported an expansion in new orders amid a soft increase in new orders. Export sales, meanwhile […]
Read MoreLOCAL firms’ payment performance has worsened following a previous quarter rebound, the Singapore Commercial Credit Bureau (SCCB) said on Tuesday. For the second quarter, prompt payments accounted for less than half of total payment transactions, while slow payments accounted for more than a third of total payment transactions. Prompt payment refers to when 90 per […]
Read MoreMore people in Indonesia are searching for online loans, resulting in the country overtaking its peers Vietnam and Philippines by significant margins. At the beginning of 2017, online loans were more popular in the Philippines whereas in Indonesia they were almost at the same level as in Vietnam according to research by Robocash Group. Overall, demand […]
Read MoreMUMBAI: Malaysian palm oil futures rebounded on Monday from their lowest in seven months, following gains in rival soyoil, but an expected rise in output and weak exports capped the upside. The benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange closed up 0.31%, or 6 ringgit, at 1,957 ringgit ($473.6) per tonne, after […]
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Thailand
