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Cambodia: Freight forwarders urged to embrace e-commerce

The air freight sector should adopt paperless processes and embrace e-commerce to meet rising demand for air cargo services in the country, industry insiders said on Wednesday. At an event organised by the Cambodia Freight Forwarders Association (CAMFFA) in Phnom Penh, key players in the industry discussed the challenges and opportunities that local companies face. […]

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Thai banks ‘prepared’ amid warning of global ATM attack

COMMERCIAL banks in Thailand have boosted security to prevent unauthorised access to their automatic teller machines as cybercriminals are reportedly planning to carry out a large-scale global ATM attack. According to The Star newspaper, the United States’ Federal Bureau of Investigation (FBI) has received an “unspecified report” that a global attack on ATMs could happen […]

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Business unusual in Malaysia

The Malaysian voters booted out the previous government largely premised on one main agenda – system-wide reformation. Pakatan Harapan’s promise to enact economic, institutional and political reforms successfully led the coalition to an unprecedented victory in GE14. Indeed, the outcome of GE14 has surprised most observers and research houses such as Nomura and RHB Research […]

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Philippines: Hot money swings back to net inflow

MANILA, Philippines — Foreign portfolio investments reverted to a net inflow in July after massive outflows in May and June due to the strong interest of investors in securities listed on the Philippine Stock Exchange (PSE), as well as peso-denominated debt instruments, according to the Bangko Sentral ng Pilipinas. The inflow of net foreign portfolio investments amounted to […]

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Thailand: Land tax law’s date uncertain

The Finance Ministry says it will push the draft bill on the land and buildings tax for lawmaker approval during the Prayut Chan-o-cha government, but the law’s enforcement may be delayed from the scheduled start at the beginning of 2019.  Whether or not the law’s enforcement will be pushed back will depend on the readiness of […]

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