ONLINE payment providers could nab a market of at least US$1.5 trillion in the region, a recent report on the financial technology (fintech) sector has estimated. Fintech players were also tipped to break into the Asean insurance market through online sales channels, which could be “an exceptionally high-margin business”. That’s as third-party payment firms are […]
Read MoreBrunei Darussalam is the only ASEAN member country to post an increase of car sales from January to November last year. The nation’s car sales rose 14.2 per cent to 12,505 from 10,949 units in the same period in 2019, according to the Asean Automotive Federation (AAF). No figures were available for December last year. […]
Read MoreThe Hanoitimes – Vietnam’s economy with high level of openness could be susceptible to rising inflation as a result of growing global commodity prices. Rising global commodity prices could lead to the return of inflation in Vietnam with an estimated rate of 3.5% year-on-year in 2021, 0.3 percentage points higher than the 3.2% inflation rate last […]
Read MoreKUALA LUMPUR: The ringgit opened higher against the US dollar on Monday, as the greenback retreated on the back of improved riskier asset demand with the progress in the vaccine rollout to curb COVID-19 infections, dealers said. At 9.00 am, the local currency stood at 4.0360/0420 against the US dollar from last Friday’s close of […]
Read MoreMANILA, Philippines — Multilateral lender International Monetary Fund (IMF) has stressed the importance of fiscal stimulus to revive the tourism sector in countries like the Philippines amid the pandemic. In a paper titled “Tourism in the post-pandemic world,” the IMF said fiscal support could help offset some of the losses in the economy caused by […]
Read MoreThe Revenue Department expects tax revenue collection from the upcoming e-service tax to tally more than 5 billion baht per year as the pandemic crisis has stirred traffic on online platforms. The department previously expected the e-service tax to generate revenue of 5 billion baht in the first year after it takes effect. “The pandemic […]
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Thailand
