E-commerce penetration in the retail sector could triple in the next few years as the pandemic pushes brands to go online and cross-border sales increase, says JD Central, an e-commerce joint venture between Central Group and Chinese internet giant JD.com. “Thailand’s online retail market accounted for 8% of total retail sales in 2020, which means […]
Read MoreKUALA LUMPUR, April 29 — Malaysia Airlines is among the first global airlines trialing the International Air Transport Association (IATA) Travel Pass — a mobile phone application (app) for health verification digitally. In preparation for its own Digital Travel Health Pass on the Malaysia Airlines mobile app, the trial run will involve passengers on flights […]
Read MoreTHE Monetary Authority of Singapore (MAS) and the Bank of Thailand (BOT) on Thursday announced the linkage of both countries’ real-time retail payment rails to facilitate faster and cheaper cross-border transfers. The linkage of Singapore’s PayNow and Thailand’s PromptPay is the first instant cross-border payments infrastructure to be established globally, tackling key pain points such […]
Read MoreVietnam’s success in containing Covid-19 and applying Investment Law, which was passed in January 2021, are expected to further attract foreign investment. Disbursement of foreign direct investment (FDI) to Vietnam rose by 6.8% year-on-year in the first four months of this year to US$5.5 billion, a report of the Foreign Investment Agency (FIA) under the […]
Read MoreAs high unemployment seen to linger MANILA, Philippines — The Asian Development Bank (ADB) has joined other international agencies and local think tanks that cut growth projections for the Philippine economy this year. In a virtual briefing yesterday, ADB country director Kelly Bird said the Manila-based multilateral lender has substantially slashed its gross domestic product […]
Read MoreThailand’s manufacturing production index (MPI) in March reached its highest level in 29 months, increasing by 4.12% year-on-year to 107.73 points, an 8.39% rise from February. The positive results are due partly to the government’s economic stimulus packages and the fact that recent restrictions to curb the spread of Covid-19 are not affecting the operations […]
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