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Cambodia 2022 first half customs income at $1.2 billion

The General Department of Customs and Excise earned $1,293 million in customs income in the first half of this year, representing 50.1 percent of the financial plan for 2022. Its director-general Khun Nhim mentioned the figures at a press conference on the result of tax collection from illegal imported and right-hand drive vehicles on Thursday. […]

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Thailand: Hoteliers deride government proposal for dual pricing

Hoteliers have expressed concerns about the government’s plan to set dual pricing for foreign tourists and locals, saying the move is “impractical” and demanding the administration roll out effective promotions to spur tourism sentiment in an effort to increase room rates. The idea of dual pricing is impractical as room rates shift dynamically based on […]

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QRIS Payment Service to Be Available in 4 ASEAN Countries

TEMPO.CO, Jakarta – Indonesia’s quick response code payment service dubbed QRIS will be available in four ASEAN countries. Bank Indonesia (BI) in tandem with the central banks of Thailand, Malaysia, Singapore, and the Philippines will realize cross-border payments with QRIS, open API (application payment interface), and Fast Payment by implementing the local currency settlement (LCS). Head of the […]

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Philippines: E-payments gaining ground – BSP

DIGITAL payments took a larger share of retail payments last year in both volume and value, the Bangko Sentral ng Pilipinas (BPS) reported on Wednesday. By volume, e-payments accounted for 30.2 percent of all transactions, up from 20.1 percent in 2020. In value terms, meanwhile, they comprised 44.1 percent from 26.8 percent previously. “The latest […]

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Thailand: Industry cowers as baht dips again

The Federation of Thai Industries (FTI) has warned against further currency depreciation to 37 baht against the US dollar, claiming it would make life more miserable for businesses and households because of higher oil prices. Though tourism operators and exporters may reap benefits after the baht value fell on Thursday to 36.35 to the dollar, […]

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