PETALING JAYA: Malaysia has missed its 2020 cashless target, as many still prefer cash transactions despite the boom in e-wallet platforms, according to Fitch Solutions Macro Research. Notably, Bank Negara has set some targets to migrate cash transactions to electronic payment systems under its Financial Sector Blueprint 2011-2020. The targets include increasing the number of […]
Read MoreBUSINESS sentiment for the second half of 2019 sank among manufacturers in Singapore on the back of global trade tensions, according to the latest quarterly survey by the Economic Development Board (EDB). A weighted 22 per cent of manufacturers expect a softer business outlook for the period between July to December 2019, while only a […]
Read MoreThailand’s tourism sector may see a modest boost in the coming months as Chinese tourists start returning to the country. Tourist arrivals from mainland China have been a key drag on Thailand’s tourism sector, which has been struggling over the past year. Arrivals expanded just 2.3 per cent year-on-year between July 2018 and July 2019, much […]
Read MoreMyanmar businesses who participate in barter trading with China will have to find buyers for the goods they get in exchange and this system of trade may take some time to get used to. Myanmar Rice Federation central executive committee member U Soe Tun said it would be more convenient for Myanmar businesses to receive […]
Read MoreThe Hanoitimes – In the May update, AMRO forecast Vietnam’s inflation to pick up to 3.8% this year and 3.7% in 2020. The ASEAN+3 Macroeconomic Research Office (AMRO) has kept its GDP growth forecasts for Vietnam at 6.6% for 2019 and 6.7% for 2020, unchanged from its May projections, higher than the 4.9% growth projected for […]
Read MoreMANILA, Philippines — Factory gate prices rose at a slightly faster pace in June on the back of the acceleration in the prices of furniture and fixtures, the Philippine Statistics Authority (PSA) said yesterday. The Producer Price Index (PPI) for manufacturing grew at an annual rate of one percent in June, marginally faster than the […]
Read More
Thailand
