The Jakarta Post/Jakarta A new state-owned e-payment platform, LinkAja, has begun the second phase of its transformation into a stronger third bloc in Indonesia’s essentially duopolistic e-payment environment, which is now dominated by Go-Pay and OVO. The transformation would allow state-owned lenders Bank Mandiri, BRI and BNI to transfer millions of users from their respective […]
Read MoreThe Bank of Thailand warned the baht is likely to remain volatile and that it intervened in the market when the baht strengthened at a faster pace than economic fundamentals would suggest, helping business operators adjust, says a senior official. The comment came after a meeting with the Thai National Shippers’ Council (TNSC), which has called […]
Read MoreBUSINESS confidence among Singapore companies remained downbeat for the second quarter of 2019, and waned for the third consecutive quarter, according to the latest quarterly Singapore Commercial Credit Bureau’s (SCCB) Business Optimism Index released on Tuesday. The overall index eased from +7.19 percentage points in Q1 2019, to +5.08 percentage points in Q2 2019. On a year-on-year […]
Read MoreDuring the Regional Comprehensive Economic Partnership (RCEP) Intersessional Ministerial Meeting, held during the weekend in Siem Reap, Cambodia held bilateral talks with delegates from Singapore, China, and Australia. During a meeting with Chan Chun Sing, Singapore’s Trade Minister, Cambodian Prime Minister Hun Sen said the ministries of commerce of both countries have been cooperating to […]
Read MoreThe Hanoitimes – The project will improve the road connectivity between the Noi Bai-Lao Cai Expressway and northwestern provinces of Vietnam, enhancing economic opportunities for some of the poorest people in the project area. The Asian Development Bank (ADB) and the government of Vietnam signed today a US$188 million loan for the Northern Mountain Provinces Transport […]
Read MoreSET-listed oil retailers are very optimistic about the growth of oil sales volume this year amid tough competition in the local market. Four listed companies forecast 2019 growth of oil sales volume at 3-16% from the year before, with each oil retailer competing via marketing campaigns with new fuel formulas, mileage memberships and non-oil services. An […]
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