[HONG KONG] Money transfer company TransferWise has begun processing international payments into Asian digital wallets in a move that its CEO says reflects their growing use as an alternative bank account. E-wallets, which allow users to make cash transfers using their mobile phones, are widely used in many Asian markets. TransferWise’s move in the Philippines […]
Read More[JAKARTA] Indonesia’s October annual inflation rate slowed more than expected to the lowest level in six months, but remained within the central bank’s comfort range, data from the statistics bureau showed on Friday. The annual inflation rate slowed to 3.13 per cent in October from 3.39 per cent in September, the bureau said, compared with […]
Read More[JAKARTA] Indonesia’s national dish of nasi goreng, or fried rice, has become a lot cheaper these days as the nation’s two big ride-hailing apps wage a price war on everyday groceries. In a battle for market share in South-east Asia’s biggest economy, Gojek and Grab are giving discounts of as much as 50 per cent and […]
Read MorePublicly listed food conglomerate PT Indofood Sukses Makmur booked double-digit net profit growth from January to September period this year from the same period a year ago, with moderate sales growth thanks to lower costs. Indofood’s overall sales, with products and services that include instant noodles, wheat flour, palm oil and seasonings, grew 5.67 percent […]
Read MoreB2B marketplace Ralali is offering a number of incentives to small and medium-scale enterprises (SMEs) that use its mobile application during the Harbignas national wholesale shopping days. Among the incentives, the company is offering discounts and free shipment for wholesalers that apply for working capital and purchase inventory during the special shopping event on Oct. 10, Nov. 11 and Dec. 12. “We are […]
Read MorePETALING JAYA: Improvement in fee-based income, sustained strategic cost management and increased net interest income raised Maybank Indonesia’s operating profit by 2% for the nine-month period ended Sept 30,2019. It recorded an operating profit before provisions to 3.1 trillion rupiah (RM923.43mil). The bank’s profit after tax and minority interest (Patami) however, stood at 1.1 trillion […]
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Thailand
