According to a recent report, Thailand was noted to be the world’s leader in mobile banking users. The region was second for ownership of cryptocurrency, and third in mobile commerce, according to the Global Digital Report 2019. The report was conducted by a major social media management platform and a global agency. The Global Digital […]
Read MoreHanoi (VNS/VNA) – The Ministry of Finance has asked the Government to amend its laws to eliminate the special consumption tax on locally manufactured auto parts and components, a move which could reduce prices of locally assembled cars. The request is part of a ministry document (655/BTC-CST), which supplements and revises several articles of another document […]
Read MoreIn a drastic move to promote health and safety among members of Lao society, the Mayor of Vientiane has taken measures to ban the sale of alcohol or alcoholic beverages in the capital before 4pm. According to a Decision issued 21 December 2018 by the Office of the Mayor of Vientiane Capital on Measures for […]
Read MoreFive countries stand out in the development of financial technologies in Southeast Asia. In the context of the growing focus on financial inclusion, fintech lending services will provide a determining vector, predicts the international financial holding Robocash Group. Southeast Asia has the fastest growing Internet penetration in the world estimated at 58% in 2018 (2017 […]
Read MoreKUALA LUMPUR: RAM Ratings sees inflation declining to -0.5% in January 2019 from +0.2% in December amid deflationary pressures from the transport fuel component. In its outlook report issued on Thursday, it said the average price of RON95 petrol was markedly lower (-13.1% on-year) at RM1.98 a litre in January, following the switch to the […]
Read MoreSINGAPORE: Embracing financial technology (fintech) and the innovations it heralds will improve the long-term competiveness of Singapore’s banking industry, says S&P Global Ratings. In the report, “Singapore banks must adapt to fintech or lose out,” issued on Thursday, the rating agency’s credit analyst Ivan Tan said digital transformation is imperative for Singapore’s banking industry. “Investment […]
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