[HONG KONG] Money transfer company TransferWise has begun processing international payments into Asian digital wallets in a move that its CEO says reflects their growing use as an alternative bank account. E-wallets, which allow users to make cash transfers using their mobile phones, are widely used in many Asian markets. TransferWise’s move in the Philippines […]
Read MoreThailand’s English proficiency has fallen for the third year in a row, according to the annual English Proficiency Index conducted by the global education company EF Education First. The report showed Thailand dropped to 74th out of 100 countries with a score of 47.62, which is considered “very low” proficiency. In 2018, Thailand ranked 64th […]
Read MorePETALING JAYA: Taxpayers who have missed the Sept 30 deadline for the Special Voluntary Disclosure Programme (SVDP) can still make voluntary disclosure of their unpaid taxes. The good news is that they won’t be immediately slapped with the heavy penalty rate of between 45% and 300% as initially announced, although the penalty rates will be […]
Read MoreAmerican entrepreneurs are keen to invest in the Eastern Economic Corridor (EEC), home to 12 targeted industries that are expected to transform Thailand into an innovation-driven economy, says Lavaron Sangsnit, director-general of the Fiscal Policy Office and the Finance Ministry’s spokesman. Those engaged in the energy, finance and infrastructure sectors have shown an interest in […]
Read MoreManufacturing sentiment in Singapore remained in negative territory for a sixth consecutive month in October, as the uncertain global trade environment continues to cast a shadow over factory activity in the city-state and the region. But fruitful trade discussions between China and the US could give the sector a boost and possibly recovery by early […]
Read MoreThe Hanoitimes – Vietnam has the second-largest consumption share in ASEAN, with the potential to outpace the Philippines soon. This should change the popular perception about ASEAN, in which Indonesia and the Philippines are usually considered the major domestic-oriented economies. In a country like Vietnam, with exports as high as 100% of nominal GDP, it’s easy […]
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