The Central Bank of Myanmar is set to implement a standardised national payment system by this year, says CBM Vice Governor U Bo Bo Nge. Daw Than Than Swe, director general of the CBM’s Financial Institutions Regulation Department, said to the Myanmar Times that the system will cover international payments, mobile wallets and all mobile network operators. […]
Read MoreThat is well ahead of the global rate of 41% and higher than China, at 61% Among Thailand’s internet users, 74% access banking services via mobile devices, according to the annual Global Digital Report 2019 from social media management platform Hootsuite and digital marketing agency We Are Social. That puts one of Asia’s favorite vacation […]
Read MoreThe Hanoitimes – The figure somewhat showed results from the Vietnamese government’s privatization progress. Merger and acquisition (M&A) deals in Vietnam were reported to hit US$9.9 billion in 2018, rocketing 160% from a year earlier, according to Nguyen Van Toan, vice chairman of Vietnam’s Association of Foreign Invested Enterprises (VAFIE). The figure showed foreign investors’ further […]
Read MoreState-Owned Enterprises Minister Rini Soemarno has expressed hope that aviation turbine (avtur) fuel will be exempted from value-added tax (VAT). The price of avtur has been blamed for high airline ticket prices. “Hopefully the VAT for avtur will be abolished,” said Rini in Jakarta on Wednesday. The government slapped a 10 percent VAT on avtur for domestic flights while international flights are exempt from […]
Read MoreKUALA LUMPUR: The ringgit was unchanged against the US dollar early Thursday as investors stayed on the sidelines for the release of Malaysia’s 2018 economic growth and last year’s fourth quarter gross domestic product (GDP) by Bank Negara Malaysia Thursday. At 9 am(0100 gmt), the local unit stood at 4.0650/0700 against the greenback from 4.0650/0690 […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) expects the Philippines to score higher in the economic freedom index of the Heritage Foundation next year, following the enactment of various laws that set improvements on Filipinos’ property rights and trade freedom. In his latest economic bulletin, Finance Undersecretary and chief economist Gil Beltran said the country may perform better in the […]
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Thailand
