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Big potential for digitizing wage payments in Cambodia’s garment factories

The world is moving to digital payments. They are faster, more secure, more transparent and more efficient than cash. Digital payments can support small and medium enterprises (SMEs) and empower women and youth.  The COVID-19 pandemic has accelerated the shift toward paying digitally and demonstrated clear benefits beyond cost and efficiency: by minimizing human interactions during […]

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Thailand: E-commerce seen growing in stature

E-commerce is set to become the main channel for business next year, with major e-marketplaces enjoying rising profits while local shops and grocery stores fade away, said Pawoot Pongvitayapanu, an e-commerce pioneer. “E-commerce will clearly become the main channel for sales among some businesses in 2022,” said Mr Pawoot, chief executive and founder of Tarad.com, […]

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Thailand: Pandemic takes toll on tax collection

The three state tax collection departments have failed to meet their original revenue targets for fiscal 2021 as a result of the severe impact of the prolonged pandemic. Revenue Department director-general Ekniti Nitithanprapas said the department collected 1.87 trillion baht in fiscal 2021, which ended on Sept 30. Though the amount exceeds the adjusted target […]

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Vietnam: Positive signs for year-end car shopping

Car sales in Vietnam increased by 52 percent last month after five consecutive months of decline, showing positive signs for the car market at the end of the year. The Vietnam Automobile Manufacturers’ Association (VAMA) announced that vehicle sales of its members reached 13,537 last month, up 52 percent compared to the previous month. The […]

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