JAKARTA, Dec 21 (Reuters) – Indonesia’s central bank on Tuesday launched a new retail payment system that its governor said will slash the cost of money transfers and support the country’s booming digital economy. The COVID-19 pandemic has accelerated growth in Indonesia’s digital finance, with digital banking transactions rising 47% on a yearly basis in […]
Read MoreThe world economy is speeding up while Vietnam’s growth is slowing down. Economists believe that the VAT (value added tax) should be reduced to stimulate demand, because it could result in immediate benefits. Small and medium sized enterprises in Vietnam account for 98 percent of total enterprises, making up 40 percent of GDP every year […]
Read MoreKUALA LUMPUR, Dec 21 — The ringgit managed to recover some grounds on a slight improvement in demand, despite lingering fears over the Covid-19 Omicron variant which is currently spreading both in the country and globally. At 9.01am, the local note rose slightly to 4.2230/2260 versus the greenback compared with 4.2240/2280 at Monday’s close. A trader said the US […]
Read MoreMANILA, Philippines — The wrath of Typhoon Odette (Rai), which flattened homes and vast swathes of land in central and southern Philippines, is expected to dampen the economy’s delicate recovery from a pandemic-led collapse, economists said. Reports tallied 208 deaths so far and losses in agriculture, businesses, and tourism projected to fall in the billions as […]
Read MoreThe government is upbeat about export performance this year, projecting outbound shipments to grow by 16% to US$268 billion (about 8.5 trillion baht) boosted by a robust global economic recovery, higher rates of vaccination worldwide, and economic stimulus packages among major trading partners. For 2022, the Commerce Ministry forecasts export growth of 3.5-4.5%, reaching $278-280 […]
Read MoreLong Dimanche, Deputy Governor of Preah Sihanouk province, and Tu Xiaogang Du Xiaogang, Party Secretary of the Chinese Communist Party Committee in Wuxi, on December 17, chaired an online meeting on promoting regional development, specially the Sihanoukville Special Economic Zone 2.0 (SSEZ). Xiaogang said that the video meeting was to determine the future of the […]
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Thailand
