WHEN Evie Khusnul Khotimah logged in to her account on the online shopping app Shopee in May, a curious new payment method caught her attention. The service, called PayLater, allows buyers to purchase items first and settle payments afterwards. Intrigued by how this worked, the 24-year-old freelance writer from Indonesia gave the new scheme a […]
Read MoreInvestors from Malaysia say they are attracted to Myanmar’s agriculture and other industries despite the rift between the two governments since the northern Rakhine crisis. “Malaysian businesses are keen to invest in sectors such as technology, construction, manufacturing, and service in Myanmar. They showed extra interest in agriculture-based businesses,” said Gilbert Lee, president of Malaysian […]
Read MoreRIDE-HAILING firm Grab is “confident” of meeting the digital banking licence requirements that include “a path towards profitability” on a five-year projection, the unicorn told The Business Times on Thursday. The requirements, spelled out on Thursday by the Monetary Authority of Singapore (MAS), also state that a digital full bank, in taking in retail deposits, […]
Read MoreThailand’s digital advertising spending is expected to surpass 20 billion baht this year, up 19% from a year earlier, according to research firm Kantar Thailand. But the projected growth is still lower than the 36% expansion of 2018, when spending reached 16.9 billion baht. Arpapat Boonrod, chief executive of Kantar Thailand, said the information is […]
Read MoreForty-six countries have already signed the new Singapore Mediation Convention (Convention), including the US, South Korea, China, Malaysia, India and Singapore itself. I would encourage Myanmar to also sign. This would provide another welcome alternative to the conventional court system for the resolution of international commercial disputes. One of the problems international businesses face in doing […]
Read MoreThe government has relaxed the requirement for international tourists to claim a value added tax (VAT) refund for goods purchased in Indonesia, aiming at boosting tourism and encouraging small and medium enterprises to join the tax refund program. A finance ministerial regulation issued on Aug. 23 allows tourists to request a VAT refund using multiple […]
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