Cashless payment platforms can offer additional facilities to help small and medium enterprises (SMEs) to go digital, amid the rising use of cashless payments during the COVID-19 outbreak, management consulting firm McKinsey has stated. “In helping SMEs to digitalize, payment services can offer value-added services such as loyalty programs, digital marketing and payroll processing,” Reet […]
Read MoreKUALA LUMPUR: Budget 2021 is expected to have a targeted fiscal expansionary stance to sustain a stronger economic revival, according to Socio-Economic Research Centre (SERC) executive director Lee Heng Guie. (pic) “It’s now up to the federal government to flex its fiscal spending power, ” Lee told an online media briefing when presenting the think […]
Read MoreMANILA, Philippines — Credit card billings plunged by 27 percent in the first semester as usage slumped amid the coronavirus pandemic. Alex Ilagan, executive director of the Credit Card Association of the Philippines (CCAP), said “the high unemployment rate, as well as the loss of livelihood for self-employed individuals and small business owners took its […]
Read MoreSINGAPORE, Oct 7 — Singapore’s central bank will issue its monetary policy decision on October 14, according to its updated calendar today. All 13 economists in a Reuters poll last week forecast the Monetary Authority of Singapore (MAS) will keep its policy settings unchanged on hopes the economy will recover as the financial hub further […]
Read MoreThe Kingdom’s vehicles business has seen a drop in both sales and imports by an estimated 30 percent because of the impact of COVID-19. Figures from the Ministry of Economy and Finance (MEF) shows that the COVID-19 crisis has caused the country’s imports to fall by more than 13,000 vehicles when compared to the same […]
Read MoreThe Centre for Economic Situation Administration (CESA) is holding discussions on further opening the country to foreign business people, while the Finance Ministry is planning new measures to stimulate the domestic economy. Government Spokesman Anucha Burapachaisri said that the CESA would discuss on Wednesday the details of rules and regulations for more entrepreneurs and foreign […]
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Thailand
