The Bank of Lao PDR has launched a Lao QR Code standard for electronic payments in a move to improve payment services and integration between banks. The QR code standard will comply with the finance and currency sector’s strategic plan and minimize the use of cash, driving the onset of a digital economy and boosting […]
Read MoreSINGAPORE’S electronics sentiment entered positive territory in January for the first time in 14 months alongside positive manufacturing sentiment, thanks to a US-China trade truce, but economists warn that any optimism may be temporary due to the novel coronavirus outbreak. The Purchasing Managers’ Index for the electronics sector posted an expansion of 50.1, a 0.2-point […]
Read MoreTraders are reporting that Myanmar’s watermelon crop, which is largely dependent on the China market, is currently experiencing a major downturn. Traders in the Muse border trade area in Shan State prices for watermelon have dropped by around 50 percent while sales have declined by as much as 99 pc. Normally, in Muse at this […]
Read MoreBank Indonesia intervened in spot foreign currency trading as well as domestic non-deliverable forward and bond markets on Monday to stabilize the rupiah, an official said, as the currency fell 0.5 percent to the weakest since mid-January. “BI is making sure of rupiah’s stability,” Nanang Hendarsah, the central bank’s head of monetary management, told Reuters by text […]
Read MoreThailand’s food business is thriving as the number of new restaurants last year almost doubled from 2018, driven by continuous growth in food delivery service and entrepreneurship. Wongnai, Thailand’s leading lifestyle platform, reported yesterday the number of new restaurants tallied 70,149 in 2019, up from 35,613 in 2018. Yod Chinsupakul, chief executive of Wongnai, said […]
Read MoreNEW DELHI (BERNAMA) – India’s Finance Ministry has issued a notification that said the import tax on crude palm oil (CPO) will be 44 per cent, but trade sources point out there is no change in the existing duty structure on cargoes from ASEAN. “In the (Indian federal) budget notification, import duty is mentioned as […]
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