The country’s monetary authorities have greenlighted the open finance framework rules, which are viewed as a critical enabler for digital transformation and financial inclusion. “The open finance framework recognizes that advances in technology will facilitate the development of bespoke products and services for every Filipino using their own consumer data,” the Bangko Sentral ng Pilipinas […]
Read MoreThe Finance Ministry is planning to open registration for the “Ying Chai Ying Dai” (the more you spend, the more you get) e-voucher cashback scheme on Monday, says Fiscal Policy Office director-general Kulaya Tantitemit. The registration is open to a maximum of 4 million registrants and the government expects full participation. The scheme focuses on […]
Read MoreThe northern province of Bac Giang, dubbed Vietnam’s “kingdom of lychee”, has devised three scenarios for the sales of its staple in the face of the COVID-19 pandemic. The province has become a hotspot of COVID-19 outbreaks in recent times, with thousands of confirmed infections, mostly in its industrial parks. In the first scenario, if […]
Read MorePETALING JAYA: The anticipated recovery in consumer spending in the second half of the year, aided by government policies and spending and a ramp-up in vaccination, will be a positive driver for the economy. According to the Malaysian Institute of Economic Research (MIER), consumer sentiment had further rebounded in the first quarter (Q1) of this […]
Read MoreAsean cross-border digital payment services now cover Thailand and Malaysia. Bank Negara Malaysia (BNM) and the Bank of Thailand launched a cross-border QR payment linkage yesterday, allowing consumers and merchants in both countries to send and receive payments instantly through a QR code across borders. The project commenced in June 2020 and is scheduled to […]
Read MoreFrom August 1, 2021, a 5 percent VAT and 2 percent PIT will be imposed on services such as saunas, massage, karaoke, discotheques, billiards, internet, games, tailoring, laundry, haircut and hairdressing, and other services. The stipulation is part of the Ministry of Finance’s newly released Circular No 40 VAT and PIT management. The newly released […]
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Thailand
