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Thailand: Spending during World Cup set to rise

Consumer spending during World Cup 2022 is expected to increase from the previous tournament held four years ago, driven by greater economic activity amid concerns over a possible surge in gambling on the matches. The latest survey by the University of the Thai Chamber of Commerce (UTCC) estimates that 18.5 billion baht would be spent during […]

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Thailand: Buy now, pay later gains ground

Most Thai consumers (89%) are aware of buy now, pay later (BNPL) instalment plans as a payment option, though only a minority used it in the last year, according to a study by Mastercard. An overwhelming majority said backing from established financial institutions such as banks would increase their trust and comfort in using instalment […]

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Philippines: Local shares down as market awaits GDP data

MANILA, Philippines — The Philippine stock market ended lower yesterday as investors cashed in ahead of the release of the country’s economic growth data. The Philippine Stock Exchange Composite index (PSEi) finished at 6,241.68, down 47.42 points or 0.75 percent. The government will announce its third quarter gross domestic product reading today. It is widely […]

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