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Covid pandemic boosts online shopping in Vietnam

The Hanoitimes – The demand on online shopping in Vietnam is increasing, bringing positive results to e-commerce platforms in Vietnam. Even though the first months of every year is the low season for shopping, e-commerce sites in Vietnam have seen a surge in orders in the January-March 2020 period as the Covid-19 pandemic changes consumers’ behavior. […]

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Myanmar central bank revokes licence of local bank

The Central Bank of Myanmar announced on Monday announced that it is revoking the banking licence of locally incorporated Asia Yangon Bank Ltd (AYB). The central said in its announcement that the revocation is for “breaching the country’s existing laws” but did not provide any further details on the matter. Since the announcement, the central […]

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Indonesian rupiah’s freefall may be about to get even faster

[JAKARTA] Indonesia’s currency has been in a freefall, even defying the central bank’s intense market intervention. The decline may now gather further pace as demand for US dollars climb from companies set to repatriate dividends. With the foreign investors adopting a flight-to-quality approach, even the high real returns on Indonesian sovereign bonds won’t be enough to […]

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