Line Man Wongnai, the operator of food delivery service Line Man, has defended its recent move to reduce delivery service payments for rider partners from 62 baht over a distance of the first 3 kilometres to 50 baht, saying the new rate remains higher than those offered by rivals in the industry. The new rate, […]
Read MoreKUALA LUMPUR, March 31 — Bank Negara Malaysia (BNM) does not have any immediate plans to issue Central Bank Digital Currency (CBDC). The central bank said in Malaysia the financial system continues to support the functioning of the economy while meeting the needs of individuals and businesses. “To this end, the existing monetary and financial […]
Read MoreMANILA, Philippines — The financial and operational performance of low-cost carriers Cebu Pacific and AirAsia Philippines suffered severely last year due to the pandemic. Cebu Pacific yesterday reported a P22.2 billion net loss in 2020, a reversal of the P9.12 net income in 2019. The airline said it flew five million passengers last year, 78 […]
Read MoreMany commercial banks have adjusted their preferential home loan interest rates, ranging from 5.99 percent to 9.5 percent per annum. In early March, a number of banks announced a 0.3-2 percent interest rate cut for home loans. Sacombank is offering an interest rate of 9.5 percent instead of 11.5 percent, while Eximbank has eased the […]
Read MoreCar and beer sales are recovering vigorously, resulting in a surge of excise tax revenue collection by the Excise Department from the two products for the first five months of fiscal 2021. Lavaron Sangsnit, director-general of the Excise Department, said the overall economy has gradually recovered as reflected by the department’s tax revenue collection in […]
Read MoreMoody’s Investors Service upheld Cambodia’s B2 stable rating in its Inside ASEAN report. “Cambodia’s credit profile balances its strong growth trajectory, robust fiscal metrics and low external vulnerabilities against financial stability risks stemming from sustained, high credit growth compounded by weak institutions and high dollarisation,” the credit opinion read. The US-based rating agency determines a […]
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Thailand
