DRIVEN by rapid gains in smartphone use and people’s willingness to try new things in Myanmar, Alibaba Group plans to grow its business by at least five times in the country in the coming six to eight months, according to Frans Maas, managing director of Shop.com.mm, which is now under the fold of the Chinese […]
Read MoreSingaporean fintech firm Ayondo will built a CFD trading platform for clients of Phnom Penh Derivatives Exchange Plc (PPDE), a company that recently received a central counterparty license from the Securities and Exchange Commission of Cambodia (SECC). Aiming to grow PPDE’s client interests within and outside Cambodia, Ayondo will provide a full suite of CFD […]
Read MoreMANILA, Philippines — The proposed suspension of the next increase in fuel excise taxes is expected to cut inflation by 0.2 percentage point in 2019 if implemented for the entire year, according to the Bangko Sentral ng Pilipinas. During a joint hearing conducted by the Senate economic affairs and ways and means committees, BSP Assistant […]
Read MorePETALING JAYA: Malaysia’s fiscal deficit could increase to 3.7%-4.6% of gross domestic product (GDP) under Budget 2019, which is the inaugural budget for the Pakatan Harapan-led government to be tabled in Parliament on Nov 2, according to AmBank Research. Noting the spike to be a “one-off” scenario, the brokerage said the fiscal deficit is expected to […]
Read MoreBank Indonesia has said that two digital payment platforms from China, WeChat Pay and Alipay, have started down the path toward operating locally, eyeing transactions from the growing number of Chinese tourists to Indonesia. BI deputy governor Sugeng said on Tuesday in Jakarta that WeChat Pay and Alipay representatives had met with state-owned lender PT Bank Negara Indonesia (BNI) on establishing a possible […]
Read MoreMANILA, Philippines — The Philippines will need to “heavily” depend on heightened state spending to fuel economic growth, as household consumption will likely remain in retreat due to rising prices of goods and higher borrowing costs, a global bank said. Data from the Bureau of the Treasury showed disbursements jumped 26 percent year-on-year to P298.6 […]
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Thailand
