The Hanoitimes – As of end 2018, the inter-bank electronic payment system processed 137.6 million transactions worth VND73,000 trillion (US$3.13 trillion), 13 times the country’s GDP. Vietnam is a country with low penetration of traditional banking services but rather high development of digital infrastructure. This means that when pushing for penetration of banking in general, Vietnam […]
Read MoreForeign executives and managers in Myanmar can now rely on a handbook about respecting the local culture in the workplace when it comes to defusing possible cross-cultural misunderstandings and potential disputes. The Directorate of Investment and Company Administration (DICA) and the Myanmar Centre for Responsible Business (MCRB) collaborated on the guide titled “Respecting Myanmar Culture […]
Read MoreThe Brunei Hotel has replaced television cable channels with Netflix in all their hotel guest rooms as part of the strategy to cut cost, according to Assistant Front Office Manager Farrah Razak. Netflix is a streaming service allowing members to watch a wide variety of award-winning TV shows, movies, documentaries, and more on thousands of […]
Read MoreThe announcement in June that the Monetary Authority of Singapore (MAS) would allow up to five new digital banking licenses, coinciding with the Hong Kong Monetary Authority (HKMA) issuing a number of virtual banking licenses over past months, has served to reinforce the urgency for banks to automate and digitalise their businesses. Central Banks and other regulators charged with […]
Read MoreSINGAPORE continues to show substantial potential for trade growth, according to new research from Standard Chartered Bank (StanChart) released on Monday. The city-state made the list of 20 global markets that are most rapidly improving their individual potential for trade to grow, coming in at 16th place, according to the bank’s new Trade20 Index. The […]
Read MoreThe Revenue Department is set to open applications for permanent downtown value-added tax (VAT) refund agents after satisfactory outcomes during a trial run, with higher sales from VAT-free shops to tourists. The tax-collecting agency is outlining the application process, which is expected to be completed soon, said director-general Ekniti Nitithanprapas. The department was satisfied with […]
Read More
Thailand
