PETALING JAYA: E-wallet providers have to work together to move the industry towards inter-wallet operability where money credits can be moved between different e-wallet operators, according to Boost chief executive officer Mohd Khairil Abdullah. “There are a lot of things the regulators are doing to support inter-operability. The interoperable credit transfer framework had been issued […]
Read MoreTraditional trade has made a strong comeback during the Covid-19 crisis, with consumers flocking back to conventional retail stores, especially in upcountry areas. Somchai Pornrattanacharoen, president of the Wholesale and Retail Association, said that since the coronavirus outbreak, traditional trade at mom-and-pop shops and local wholesale shops has seen continuous sales growth. The Covid-19 crisis […]
Read MoreThe government will not slash the vehicle tax (PKB) on new cars for individuals and businesses to zero percent this year, Finance Minister Sri Mulyani Indrawati said on Monday, despite calls from the Industry Ministry and the automotive industry to do so. Sri Mulyani said the Finance Ministry was not considering the tax cut proposal […]
Read MoreStock markets around the world experienced the biggest falls in history earlier this year because of the Covid-19 pandemic. Though they have since recovered from their March lows, many economies have gone into recession. The spread of the coronavirus around the world has driven many structural and lifestyle changes, such as the growth in e-commerce […]
Read MoreConcerns have been raised that taxpayers are being unfairly targeted by the General Department of Taxation’s (GDT) continued drive to increase tax revenue through, at times, allegedly unnecessary or questionable auditing practices, towards businesses that are already particularly hit hard by the COVID-19 pandemic. There are claims that while robust economic growth and a widening […]
Read MoreMANILA, Philippines — Big banks in the Philippines need to hold off online rivals as the Bangko Sentral ng Pilipinas (BSP) is set to issue the guidelines for digital banks within the year, according to S&P Global Ratings. The debt watcher said established banks have to make aggressive moves to counter the rising market penetration […]
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Thailand
