E-wallets firms are battling for a piece of the cashless payment market amid rapid growth in the context of the COVID-19 pandemic. Mobile wallet and digital payment app MoMo this week announced a deal with Be Group to provide cashless payment services on the ride-hailing platform which only accepted credit card payments previously. SmartPay wallet […]
Read MoreExports may contract by as much as 15% this year if the country averages just US$16.4 billion a month in the second half of the year, according to a group of Thai exporters. Ghanyapad Tantipipatpong, chairwoman of the Thai National Shippers’ Council (TNSC), said on Tuesday that the council looks set to downgrade its shipment forecast […]
Read MoreThe Government Savings Bank (GSB) is proposing that the Finance Ministry adjust emergency loan conditions to expand the credit line for informal workers after the loan programme received a tepid response. The bank’s emergency loan programme is designed for employees affected by the coronavirus crisis, such as those working in the tourism industry or employees […]
Read MoreThe Vietnam Timber and Forest Product Association has sent an urgent petition to the Ministry of Finance, Ministry of Agriculture and Rural Development and Ministry of Industry and Trade about congestion of wooden planks set for export at ports. The congestion has been attributed to Document No. 4250/TB-TCHQ issued by the Viet Nam Customs on June […]
Read MoreThe banking sector continued to endure transactional crashes in the second quarter, albeit at a lower rate, as transaction volume surged. A total of 25 transactional crashes occurred from April to June in all transaction channels, compared with 38 in the previous quarter, according to Bank of Thailand data. The transaction failures were mostly in […]
Read MoreSINGAPORE retailers saw till takings slide again in June, after the end of a two-month “circuit breaker” in April and May, despite looser coronavirus restrictions part-way through the month. The transition to Phase Two of a three-stage reopening on June 19 could not stave off a 27.8 per cent year-on-year drop in retail sales, the […]
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