The e-payments space has been one to watch during the past 10 years in Myanmar, with Onepay’s interbank app being the most recent innovation to reach the market. Launched earlier this month, Onepay’s mobile platform allows users to transfer funds among seven local institutions – Asia Green Development Bank (AGD Bank), Ayeyarwady Bank (AYA Bank), […]
Read MoreECONOMIC activity has begun to recover in Vietnam, Malaysia, and Thailand as Covid-19 lockdowns are lifted, said Maybank Kim Eng economists in a May 27 report. Vietnam was the first Asean country to start unwinding lockdown measures on April 23, followed by Thailand and Malaysia in early May. The Philippines began loosening measures on May […]
Read MoreMANILA, Philippines — The Philippines booked a 12.1 percent hike in net inflow of long-term investments to $657 million in January from $586 million in the same month last year prior to the full-blown global coronavirus outbreak, according to the Bangko Sentral ng Pilipinas (BSP). The central bank said the increase in foreign direct investments […]
Read MoreVietnam plans to enact a law to fight against the transfer pricing tax in an effort to enforce transfer pricing rules more aggressively, according to Cao Anh Tuan, general director of the General Department of Taxation (GDT). VEPR (the Vietnam Institiute for Economic and Policy Research), in its research on the behaviors of FIEs of […]
Read MoreThe Ministry of Commerce (MoC) and local private company K.C.C.V Plantation Co Ltd have announced cooperation to develop a safety agricultural production chain and value in order to accelerate markets for smallholders. The cooperation was made via a memorandum of understanding (MoU) between the Ministry’s Accelerating Inclusive Markets for Smallholders (AIMS) project and K.C.C.V, according […]
Read MoreThe Indonesian automotive industry remains attractive for current and future investment in the region with low labor costs and favorable production growth, Fitch Solutions has stated. According to Fitch Solutions Autos Production Risk/Reward Index (RRI), the low cost of labor remains Indonesia’s main key strength, reflected in the average wages score of 83.9 out of […]
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Thailand
