MANILA, Philippines — Global payments service provider Visa sees more opportunities as the Bangko Sentral ng Pilipinas (BSP) ramps up efforts to increase cashless transactions in the country for a cash-lite economy. Dan Wolbert, Visa country manager for Philippines and Guam, said the objective of the BSP to raise cashless transactions to 20 percent by […]
Read MoreBusiness confidence dropped in January to the lowest level in three months because of low purchasing power and farm product prices, while exports suffered from the US-China trade war. The Thai Chamber of Commerce (TCC) confidence index, which gauges nationwide business sentiment, dipped to 48 points from 48.4 in December, 48.3 points in November and 48 in […]
Read MoreTOKYO: The Japanese government endorsed at a cabinet meeting Tuesday a plan for a revised free trade agreement (FTA) with the Association of Southeast Asian Nations that includes the liberalisation of the service sector and investment field. The pact between 10-member Asean, Japan’s major trading partner in Asia after China, will take effect among countries that have completed […]
Read MoreExporters are hoping the current tax waivers will be continued, with half of respondents surveyed by the University Network for Indonesia Export Development (UNIED) saying they had benefited from the schemes. The first scheme, the tax waiver for imported materials for exports (KITE), exempts eligible companies that do not operate in bonded zones from paying […]
Read MorePETALING JAYA: The earnings of the Malaysian technology hardware industry could take a hit if the ringgit continues to strengthen, according to Maybank IB Research senior manager of research Ivan Yap. With most of the local hardware players such as the semiconductor companies being net US dollar exporters, Yap said any further substantial weakening in […]
Read MoreThailand’s manufacturing production index (MPI) in January hit the highest level in 10 months with a 0.2% year-on-year rise to 107.99 points, driven by higher production volume in the automotive, air-conditioning and sugar industries. The MPI increased for the fourth straight month in January, said Nattapol Rangsitpol, director-general of the Office of Industrial Economics (OIE). “The […]
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