RIDE-HAILING firm Grab is “confident” of meeting the digital banking licence requirements that include “a path towards profitability” on a five-year projection, the unicorn told The Business Times on Thursday. The requirements, spelled out on Thursday by the Monetary Authority of Singapore (MAS), also state that a digital full bank, in taking in retail deposits, […]
Read MoreThailand’s digital advertising spending is expected to surpass 20 billion baht this year, up 19% from a year earlier, according to research firm Kantar Thailand. But the projected growth is still lower than the 36% expansion of 2018, when spending reached 16.9 billion baht. Arpapat Boonrod, chief executive of Kantar Thailand, said the information is […]
Read MoreForty-six countries have already signed the new Singapore Mediation Convention (Convention), including the US, South Korea, China, Malaysia, India and Singapore itself. I would encourage Myanmar to also sign. This would provide another welcome alternative to the conventional court system for the resolution of international commercial disputes. One of the problems international businesses face in doing […]
Read MoreThe government has relaxed the requirement for international tourists to claim a value added tax (VAT) refund for goods purchased in Indonesia, aiming at boosting tourism and encouraging small and medium enterprises to join the tax refund program. A finance ministerial regulation issued on Aug. 23 allows tourists to request a VAT refund using multiple […]
Read MoreThailand Development Research Institute (TDRI) has urged the government to include waste management as part of the national agenda and proposed the government ban foam usage and make consumers pay for plastic shopping bags. Somkiat Tangkitvanich, president of the TDRI, said the group’s study found Thailand’s sea debris volume rose rapidly to 1 million tonnes […]
Read MoreSINGAPORE: Singapore’s central bank has kicked off the application process for up to five new digital bank licences and issued detailed guidelines for potential contenders. The entry of new players could lead to the biggest shake-up in two decades in a market dominated by local banks DBS Group Holdings Ltd, Oversea-Chinese Banking Corp and United […]
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