Jakarta. Indonesia’s internet economy will likely reach $330 billion in value by 2030, almost double current Southeast Asia’s digital economy value of $170 billion, according to a recent report by Google, Temasek, and Bain released last week. “Indonesia alone could be two times Southeast Asias GMV today by 2030,” the companies said in a recently released report […]
Read MoreDomestic car sales declined 13% in October from a year earlier to 64,462 vehicles, the Federation of Thai Industries (FTI) said in a statement on Thursday. The fall was smaller than September’s 19.1% drop, helped by government stimulus measures. Source: https://www.bangkokpost.com/business/2217575/domestic-car-sales-down
Read MoreAround 85 percent of Vietnamese banking consumers are more likely to use online and digital banking services compared to 18 months ago, according to a new report from SaaS cloud banking platform Mambu. The ‘Financial tribes you need to know’ report reveals that nearly two thirds (61 percent) of consumers globally have made greater use […]
Read MoreThe Office of the Prime Minister’s Office has issued a notice stating that it has declined a proposal by Phousy Group to purchase the government’s stake in BCEL bank. Construction giant Phousy Group submitted a proposal earlier this month to purchase the government’s 51% share in the bank, causing concern among the bank’s retail consumer base. The […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is expected to maintain its accommodative monetary policy stance until early 2023 as inflation pickup is proving to be transitory. In its latest research brief, Oxford Economics agreed with the BSP that the current inflationary pressures are for the most part transitory, reflecting supply-side pressures. This […]
Read MoreThe value of imports and exports passing through the Sihanoukville Special Economic Zone (SSEZ) reached $1.767 billion in the first 10 months of 2021, marking a 38.81 per cent year-on-year uptick from $1.273 billion, the operator reported on November 17. “SSEZ is developing sustainably, focusing on preventing epidemics on the one hand and ensuring production […]
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Thailand
