The Central Bank of Myanmar has required local banks to upgrade the card payment technology, as a step toward integrating the payment system with the ASEAN region. Embedded in the surface of an EMV card is a microprocessor for storing data and instructions required for any purchase. Photo – Shutterstock Daw Than Than Swe, the […]
Read MoreMANILA, Philippines – Remittances from overseas Filipino workers went up by five percent to a new record high of $26.9 billion last year from $25.61 billion in 2015, the Bangko Sentral ng Pilipinas (BSP) reported yesterday. “Cash remittances in 2016 continued to increase on the back of improving global economic conditions,” BSP Deputy Governor Diwa […]
Read MoreSingapore is proposing to ease regulations for venture capital managers including shortening their application process in a bid to promote financing for startup development. Under a consultation paper published by the Monetary Authority of Singapore (MAS) on Wednesday, new and existing venture capital managers won’t be subject to the same capital requirements and business conduct […]
Read MorePrime Minister Prayut Chan-o-cha yesterday called on foreign and Thai investors to rev up investing in its targeted industries, saying the government over the last two years has rectified and amended rules and regulations to promote and streamline private investment. Speaking at a seminar yesterday entitled “Thailand 4.0 Means Opportunity Thailand” presented by the Board […]
Read MoreThai economic growth in the fourth quarter of 2016 is expected to be slower than the previous quarter’s 3.2% year-on-year growth, but most economists polled see 2016’s growth achieving the Bank of Thailand’s 3.2% forecast. Southeast Asia’s second-largest economy was expected to grow 2.8% during the three months to December, lower than the annual 3.2% gain […]
Read MoreAlthough Vietnam’s exports to China in the first month of 2017 surged nearly 40 per cent, trade deficit with the Chinese market remained high at US$2.45 billion. The Ministry of Industry and Trade reported that Vietnam’s exports to China increased by 38.6 per cent to $1.85 billion while its imports from the country rose by 9.3 per cent to $4.3 […]
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