WITH most consumers here unlikely to park more than S$20,000 in digital banks, and an expected high burn-rate for new entrants to nab credit-card users, the incumbent banks’ earnings are not at imminent risk with the eventual launch of digital banks, a CGS-CIMB report showed. CGS-CIMB estimated that just 4-11 per cent of deposits from […]
Read MoreThe government is on high alert over a possible increase in tax shortfall this year as the economic slowdown is likely to continue until the end of the year. Sluggish economic growth since early this year has begun to hurt the government’s tax revenue, which contributes the larger part of the state budget. According to data […]
Read MoreKUALA LUMPUR: The Association of Banks in Malaysia (ABM) said its member banks will now cease charging fees for cheque and cash payments for credit card and financing repayments over the counter and at Cash Deposit Machines (CDMs). In a statement Thursday, ABM said currently certain customer segments were already waived from these charges i.e. […]
Read MoreThe Medical Hub Policy Administration Committee has proposed granting a 90-day visa-free stay to Japanese and US nationals who enter the country for medical services, according to Deputy Prime Minister and Public Health Minister Anutin Charnvirakul. He said the decision is intended to promote medical tourism as part of the government’s policy of developing Thailand […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) is targeting to fully implement by January 2020 the fuel marking program, a measure which is expected to address oil smuggling in the country and to generate P20 billion in additional revenues by next year. During the Senate finance committee’s hearing on Wednesday, Finance Undersecretary Antonette Tionko […]
Read MoreThe baht is likely to appreciate further as the local currency is less sensitive towards global risks, with limited room to manoeuvre Thailand’s monetary policy seen as an attribute, says Kasikornbank (KBank). The baht’s value is less prone to external volatility compared with other currencies in Asian emerging markets because the local currency’s fundamentals are […]
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Thailand
