With well over a million users, China’s leading mobile-payments system, Alipay, posted $17.3 trillion in payment volume in China alone and $91.2 billion from abroad. Alipay generated $8.049 billion primarily from merchant-acceptance fees during its fiscal year ending June 2020. Because of this, Ant Group, Alipay’s parent company, is eyeing to raise some $34.5 billion […]
Read MoreAs the economic slowdown and political turmoil are likely to persist, tour operators have found more travellers looking for spiritual tour packages. Thanapol Cheewarattanaporn, president of the Association of Domestic Travel (ADT), said there has been a rise in demand for tour packages focusing on spiritual activities, including trips to famous temples to pray for […]
Read MoreAt a time when many small and medium enterprises (SMEs) across Cambodia are either closing down or struggling to remain open, Kampot remains positive as more local investment keeps the coastal town booming. Multiple new businesses are popping up around the town of Kampot, ranging from bars, restaurants, guesthouses and even adventure tour companies. However, […]
Read MoreCOVID-19 has had an unprecedented impact on small and medium-sized businesses as well as large multinationals. Notwithstanding this very challenging environment, businesses could take advantage of the uncertain times and leverage opportunities to review, reset and restructure certain sections of their supply chains. By renewing their strategies in response to this disruption, they may seize […]
Read MoreTax revenue from private consumption and personal and corporate income will not reach the levels seen during the pre-pandemic period until a vaccine is successfully developed, says the Revenue Department. Tax revenue in the second quarter of the fiscal 2020 calendar, which started in October 2019, saw a 29% year-on-year decline as strict lockdown measures […]
Read More[JAKARTA] Indonesia will see a significant boost in trade and investment from the United States as a result of Washington’s renewed trade preference facility with South-east Asia’s largest economy, a top Indonesian official said on Sunday. “The ambition of the government is to double (US-Indonesia) trade in the next five years to US$60 billion, while […]
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Thailand
