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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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Thailand: Govt bows to pressure on foreign land buyers

The cabinet yesterday approved a request by the Interior Ministry to withdraw a controversial bill on land ownership by foreigners, said official spokesman Anucha Burapachaisri. Due to a chorus of disapproval, the draft was withdrawn to facilitate a comprehensive study and gather public input to ensure the planned amendment would increase competitiveness and provide long-term economic […]

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