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Asean: E-commerce set to dominate the region in 2019

2018 was the year e-commerce established itself as one of the region’s fastest growing sectors. Over the past three years, it has been the most dynamic sector of the digital economyaccounting for close to US$11 billion in gross merchandise value (GMV) in 2017, exceeding US$23 billion in 2018. By comparison, in 2015, the sector’s size was […]

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Vietnam: Trade ministry to inspect big firms

HANOI — The Ministry of Industry and Trade (MoIT) will conduct annual inspections on a number of State and private businesses in different sectors, including those involved in petroleum, telecommunications, pharmaceuticals and multi-level marketing. Minister Tran Tuan Anh signed the inspection plan for 2019. The ministry’s inspectors and related departments will inspect 245 business and […]

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Indonesia: Govt mulling Tobin tax for controlling hot money flows

The government is considering imposing the Tobin tax, which penalizes short-term currency speculation, to control the flow of hot money. Macroeconomic policy center head Adrianto of the Finance Ministry’s Fiscal Policy Agency (BKF) said the objective of the tax was to prevent the outflow of hot money from the stock, bond and currency markets. The quick movement of currency speculation was to blame for […]

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Cambodian central bank embraces Industry 4.0

The National Bank of Cambodia (NBC) will continue to promote the development of the Fourth Industrial Revolution in the kingdom’s financial sector, according to its report on Macro-Economic and Banking Sector Development in 2018 and Outlook for 2019. It said the continuing development of human resources and technology is important for maintaining the efficiency of […]

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Myanmar: Govt now processing 40 mining proposals

The Ministry of Natural Resources and Environmental Conservation (MONREC) has processed a total of 40 proposals for mineral exploration at large and medium sized mining blocks in Myanmar, its permanent secretary U Min Min Oo said.  Feedback on whether any exploration activities will have an environmental or social impact is being sought from the state […]

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