That cold, hard cash in your pocket, and the traditional shop-front banks that give it to you, are slowly being phased out and replaced with e-payments. It’s now expected that traditional banks in South east Asia will miss out on as much as US$5 billion, or 14.3% of their payments revenue by 2025. A report […]
Read MorePONTIAN (THE STAR/ASIA NEWS NETWORK) – As next weekend’s by-election in Johor’s Tanjung Piai draws closer, Economic Affairs Minister Azmin Ali on Sunday (Nov 10) said the government has plans to create another new economic corridor in the state. Datuk Seri Azmin said the proposed new economic corridor will be deliberated by his ministry and tabled […]
Read MoreThe Philippines has the slowest real wage growth among the major countries in ASEAN. One reason for this is that in other countries and World Bank economists, real wage growth translates to increase in purchasing power and a more equitable and prosperous economy. Here in the Philippines many economists and businessmen believe that the route […]
Read MoreThe Central Bank of Myanmar (CBM) will issue two types of licenses—foreign bank branch license and subsidiary license– in the upcoming round of licensing, as from January 1, 2020, according to a statement. This is the third round of foreign bank licensing since two rounds of stringent licensing process were successfully completed. Nine foreign banks got […]
Read MoreVIENTIANE (Vientiane Times/ANN) – Prime Minister Thongloun Sisoulith yesterday expressed optimism that economic growth would recover in the near future, saying the current stagnation was necessary because the government was attempting to put the economy on a sustainable path. “The slower growth of the economy is necessary because the economic base is being transformed to a […]
Read More[KUALA LUMPUR] Malaysia’s industrial production rose 1.7 per cent in September from a year earlier, slower than the previous month, supported by continued growth in the electricity sector, government data showed on Monday. Annual factory output in September came below the 1.9 per cent expansion forecast in a Reuters poll. August’s factory output rose 1.9 […]
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Thailand
