Although Thailand has banned the use of digital assets to pay for goods and services, some organisations think they may still be used as a future alternative currency. REDEFINING CURRENCY The Federation of Thai Industries (FTI) believes cryptocurrency may become an alternative currency, to be used alongside physical money, with the Russia-Ukraine war boosting the […]
Read MoreCambodia counted nearly 4.6 million domestic tourists over this year’s three-day public holiday for the Khmer New Year, including 4.5 million Cambodians and nearly 30,000 foreign residents – a number which officials have said is similar to that seen pre-pandemic. Minister of Tourism Thong Khon said that a total of 4,590,326 sightseers were recorded across […]
Read MoreThe proportion of adults using smartphones in Vietnam is 73.5%. Vietnam aims to increase the rate to 85% by the end of 2022, according to the draft National Digital Infrastructure Strategy to 2025 and the 2022 plan. According to the Department of Telecommunications (of the Ministry of Information and Communications), by the end of 2021, […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is finalizing a large exposures frameworks for banks to ensure the stability of the banking sector as well as the country’s financial system. In a draft circular, the BSP said it is cognizant that risks arising from the exposures of BSP-supervised financial institutions (BSFIs) to a […]
Read MoreSurging costs and a fragile economy are forcing travellers to delay their trips abroad despite pent-up demand, says the Thai Travel Agents Association (TTAA). Only high-income travellers are still taking trips abroad as usual, but lower-income segments tend to be more price-conscious as the economic fallout is affecting their salaries and jobs, said Suthiphong Pheunphiphop, […]
Read MoreVietnam has among the lowest costs of doing business in its neighbourhood, with only Cambodia and Myanmar being cheaper, business transformation consultancy TMX has said in a report. “The Great Supply Chain Migration – Breaking down the Cost of Doing Business in Asia” says Vietnam has average operating costs of $79,280-209,087 a month. Its average […]
Read More
Thailand
