The Mall Group is set to return to digital commerce after 15 years by using its offline expertise to build a complete omnichannel experience under a three-year strategic roadmap. Supaluck Umpujh, the company’s chairwoman, said the digital commerce strategy, which will target Thai shoppers will resume next Wednesday after the company had put online shopping […]
Read MoreThe representative of the Japan International Cooperation Agency (JICA), Shinohara Yuji, said recently he believed that the use of local currency in Cambodia would keep growing, particularly after COVID-19. Yuji stated that the increased usage of riels in the market gives the National Bank of Cambodia (NBC) more control of the nation’s financial challenges. The […]
Read MoreLine Man Wongnai, the operator of food delivery service Line Man, has defended its recent move to reduce delivery service payments for rider partners from 62 baht over a distance of the first 3 kilometres to 50 baht, saying the new rate remains higher than those offered by rivals in the industry. The new rate, […]
Read MoreKUALA LUMPUR, March 31 — Bank Negara Malaysia (BNM) does not have any immediate plans to issue Central Bank Digital Currency (CBDC). The central bank said in Malaysia the financial system continues to support the functioning of the economy while meeting the needs of individuals and businesses. “To this end, the existing monetary and financial […]
Read MoreMANILA, Philippines — The financial and operational performance of low-cost carriers Cebu Pacific and AirAsia Philippines suffered severely last year due to the pandemic. Cebu Pacific yesterday reported a P22.2 billion net loss in 2020, a reversal of the P9.12 net income in 2019. The airline said it flew five million passengers last year, 78 […]
Read MoreMany commercial banks have adjusted their preferential home loan interest rates, ranging from 5.99 percent to 9.5 percent per annum. In early March, a number of banks announced a 0.3-2 percent interest rate cut for home loans. Sacombank is offering an interest rate of 9.5 percent instead of 11.5 percent, while Eximbank has eased the […]
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Thailand
