The announcement in June that the Monetary Authority of Singapore (MAS) would allow up to five new digital banking licenses, coinciding with the Hong Kong Monetary Authority (HKMA) issuing a number of virtual banking licenses over past months, has served to reinforce the urgency for banks to automate and digitalise their businesses. Central Banks and other regulators charged with […]
Read MoreSINGAPORE continues to show substantial potential for trade growth, according to new research from Standard Chartered Bank (StanChart) released on Monday. The city-state made the list of 20 global markets that are most rapidly improving their individual potential for trade to grow, coming in at 16th place, according to the bank’s new Trade20 Index. The […]
Read MoreThe Revenue Department is set to open applications for permanent downtown value-added tax (VAT) refund agents after satisfactory outcomes during a trial run, with higher sales from VAT-free shops to tourists. The tax-collecting agency is outlining the application process, which is expected to be completed soon, said director-general Ekniti Nitithanprapas. The department was satisfied with […]
Read More[JAKARTA] In 2015, the shares of Indonesia’s largest cab company were soaring, while its revenue reached a record high. Then came Uber, followed by Grab and Gojek, South-east Asia’s answer to the revolutionary ride-hailing app. Competition from the technology titans wiped out US$1.7 billion, or almost 80 per cent, of PT Blue Bird’s market value […]
Read MoreVietnam has become a hot investment destination in Southeast Asia, with Thai industrial developer Amata VN a major foreign player in the country. Amata VN is a subsidiary of Amata Corporation, which has a 73% stake. Both companies are listed on the Stock Exchange of Thailand. Founded in 1994, Amata VN is developing three industrial […]
Read Morender Robinson’s Sung Wai Fai Raeng (active senior people) employment project two years ago. He is in good health, without any chronic ailments commonly found in the elderly such as diabetes and high blood pressure, and has an air of self-reliance. Age is barely a blip for Mr Pracha, as he is regularly lauded as […]
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