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Thailand: Net traders must display their prices

Online vendors who refuse to display the prices of products on their pages and only reveal them to potential buyers in private messages will in future face hefty penalties, according to a new consumer protection law. The Royal Gazette on Tuesday announced that online vendors must display prices and other details explicitly on their online platforms, with […]

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Cambodia: Logistics centre under discussion

The Kingdom’s draft framework agreement for the development of a logistics centre is being discussed, according to the Ministry of Public Works and Transport (MPWT). Sun Chanthol, the minister of MPWT, said the Phnom Penh Logistics Complex (PPLC) is a potential centre to promote Cambodia’s transportation sector to be more efficient and competitive with countries […]

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Indonesia’s budget deficit swells to over 3 percent of GDP in August

Indonesia’s state budget deficit swelled in August on the back of falling state revenue collection and increased government spending aimed at stimulating an economy reeling from the coronavirus pandemic. The country’s fiscal deficit reached Rp 500.5 trillion (US$33.96 billion) as of August, or 3.05 percent of gross domestic product (GDP), driven by higher government and […]

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Market confidence in Malaysia remains strong

PETALING JAYA: While the world grapples with Covid-19, market confidence in Malaysia remains strong, particularly from foreign investors, based on investments of RM23.1bil in the bond market up till August, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz. He said the ringgit had also emerged as one of the strongest currencies in South-East Asia, […]

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