KUALA LUMPUR: Consumers are increasingly worried about their income and job security as the Covid-19 pandemic continues, further straining their confidence, according to a survey by the Malaysian Institute of Economic Research (MIER). The MIER’s Consumer Sentiments Index (CSI) for 4Q survey revealed household finances at year-end were the weakest in nine months; lost wealth […]
Read MoreConsumer confidence dropped for a second straight month in January, hitting a nine-month low, the University of the Thai Chamber of Commerce reported on Thursday. The UTTC consumer index fell to 47.8 in January from 50.1 in December. The report attributed the drop to concerns about the fresh wave of coronavirus infections. Source: https://www.bangkokpost.com/business/2062547/consumer-mood-hits-9-month-low
Read MoreThe government, businesses and the public are enjoying many benefits from digital transformation activities. Vietnam aims to become a developing country with industry marching towards modernity and income surpassing the lower average level by 2025; a developing country with modern industry and higher average income by 2030; and a developed country with high income by […]
Read MoreMANILA, Philippines — The Philippines and Russia are exploring possible bilateral cooperation that could further improve the country’s tax administration and compliance. Officials of the Bureau of Internal Revenue (BIR) met with the Federal Tax Service (FTS) of Russia last Jan. 13 to discuss the latter’s best practices that could be applied in the Philippines. […]
Read MoreKUALA LUMPUR: Loan moratoriums and restructuring pose critical risks to the banking systems in Asean including Malaysia and need to be watched going forward, according to Maybank Kim Eng Research. The research house said loan moratoriums and restructurings across Asean have muddied the waters on asset quality risks. “Just 10% of such loans going bad […]
Read MoreA desire for increased security and an acute awareness of current health guidelines has generated an uptick in the use of non-cash payments, according to US multinational financial services corp Visa, as measured in its latest Consumer Payments Attitudes survey. Visa Country Manager for Cambodia Chum Monika said: “While the use of cash still dominates […]
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