The central bank on Wednesday warned companies about accepting digital assets as payment for goods and services, as more companies rolled out partnerships to accept major cryptocurrencies as payment. “High volatility of digital asset prices, risk of cyber theft and personal data leakages and tools for money laundering could impact customers and businesses,” the Bank […]
Read MoreVietnam’s honey production industry is facing a new challenge as honey exported to the US may be subject to a tax rate of up to 412.49%. The US Department of Commerce (DOC) has announced the preliminary anti-dumping tax rate for Vietnamese honey. The general tax rate imposed on all honey exporters from Vietnam is 412.49%, […]
Read MoreKUALA LUMPUR: Malaysia’s Internet economy is estimated to be worth US$21bil (RM88bil) in 2021, boosted by e-commerce, online media, transport and food growth. According to Google, Temasek and Bain & Co’s latest edition of the e-Conomy South-East Asia Report, which also observed growth across all sectors of the country’s Internet economy, Malaysia’s digital market is […]
Read MorePhnom Penh’s cost of living tumbled relative to other global cities in the Economist Intelligence Unit’s annual survey. The Cambodian capital fell 21 places to 92 in the 173-strong list. It scored 66 points with New York as the base city with 100 points. Parts of Asia still proved pricey with Singapore’s cost of living […]
Read MoreThe baht opened at 33.74 to the US dollar on Thursday, weakening from Wednesday’s closing rate of 33.72. The Thai currency is likely to move between 33.60 and 33.80 to the greenback during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the baht is weakening as investors sell Thai stocks or […]
Read MoreThe Philippine manufacturing sector continued to recover in November with demand expanding for the first time in eight months, the IHS Markit said. Results of the latest IHS Markit survey released on Wednesday showed that the Philippine manufacturing Purchasing Managers Index (PMI) rose to an eight-month high of 51.7 in November from 51 in October. “Latest PMI […]
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