Ascend Money, a digital payment and financial service unicorn of Charoen Pokphand Group’s online business arm Ascend Group, has set its sights on becoming a top three player in the segment within Asean and is looking to expand its foothold in South Asia. Ascend Money, which is known for its flagship service TrueMoney Wallet, raised […]
Read MoreMANILA, Philippines — Consumer price growth continued to decelerate for the third straight month in November, giving Filipinos a reprieve from elevated inflation that’s making surviving the economic fallout from the pandemic more challenging. Inflation, as measured by the consumer price index, slowed down to 4.2% year-on-year last month from 4.6% in October, the Philippine Statistics […]
Read MoreJakarta (ANTARA) – Head of the Fiscal Policy Office (BKF) of the Finance Ministry, Febrio Kacaribu, has said that the increase in Indonesia’s debt ratio amid the COVID-19 pandemic has been relatively small compared to other countries. “Our debt ratio only increased around 10 percent of the gross domestic product (GDP) — from around 30 […]
Read MoreKUALA LUMPUR (Dec 7): Retail Group Malaysia (RGM) is projecting a 6% growth in Malaysia’s retail sales for 2022 as the country’s retail industry looks forward to a recovery from the impact of Covid-19 pandemic-driven movement restrictions of almost two years. In RGM’s retail industry report for November 2021, the group, which interviewed members of the […]
Read MoreKUALA LUMPUR, Dec 7 — Malaysia’s economy is expected to grow 3.7 per cent this year and further expand to 6.0 per cent in 2022 amid the recovery in economic activities, said MIDF Amanah Investment Bank Bhd (MIDF Research). Economist Abdul Mui’zz Morhalim said the recovery in domestic economic activities would continue as both consumers and businesses increase […]
Read MoreThe Customs Department plans to introduce a non-tariff measure to bridge the disparity between low-priced goods shipped into Thailand that are tax-exempt and goods locally produced by small and medium-sized enterprises (SMEs), says director-general Patchara Anuntasilpa. Customs rules allow goods priced 1,500 baht or lower that are shipped into Thailand exemption from import duties and […]
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