The Hanoitimes – Vietnam and Thailand are experiencing a boom in mobile payments as more people use e-wallets to pay for goods and services. Governments across Southeast Asia are pushing ahead with efforts to create cashless economies, with less developed countries such as Vietnam and Thailand leapfrogging richer ones like Singapore and Malaysia in electronic payments, […]
Read MoreKUALA LUMPUR: Malaysia’s current account balance will remain in surplus for 2019 and the economy is not experiencing a current account deficit, says political secretary to the Finance Minister Tony Pua. Pua issued a statement on Friday in response to a Bloomberg interview hosted by David Ingles with the invited guest, UBS Global Wealth Management […]
Read MoreTHAILAND ranks in the top three of capital markets in Asean and is expected to stay in the leading pack in 2030, trailing only Singapore and Indonesia, a study indicates. The report, Capital Markets in 2030, drew on research by The Economist Intelligence Unit on behalf of PwC. The survey asked nearly 400 executive at […]
Read MoreBank customers are required to consent to banks forwarding their savings-account information to the Revenue Department, as the Finance Ministry tries to eliminate tax evasion, Finance Minister Apisak Tantivorawong said on Friday. A new tax regulation enforced since April 4, requires bank passbook holders to allow banks to send information about the interest they have […]
Read MoreThe Bank of Thailand (BOT) has adjusted downwards its GDP forecast for 2019 amid rising uncertainties about Thailand’s political situation and the US-China trade war. The central bank also cautioned that the country’s financial stability is at risk from the alarming increase of household debt nationwide. The central bank has lowered its GDP forecast for […]
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