SINGAPORE (BLOOMBERG) – Indonesia’s Bank Central Asia (BCA) will invest US$200 million (S$271 million) in its digital arm to fend off competition from tech giants Gojek and Sea, which are expanding into one of the world’s largest unbanked markets. The South-east Asian nation’s biggest lender by market value will use the funds to help Blu, […]
Read MoreThe government plans to turn 10,000 rai of Sor Por Kor land in three provinces that form the Eastern Economic Corridor (EEC) into herb plantations growing cannabis, hemp and fa talai jone, under a project to develop and add value to Thai agricultural products. Fa talai jone (green chiretta) is a medicinal herb currently in […]
Read MoreCommercial banks have continuously announced lending interest rate reductions to support and accompany customers to overcome the adverse impacts of the COVID-19 pandemic. Vietcombank was the latest to announce a rate cut for loans from August 18, 2021 to December 31, 2021 for all businesses and individuals severely affected by the pandemic in 19 southern provinces […]
Read MoreThe Public Health Ministry is seeking approval from the Centre for Covid-19 Situation Administration (CCSA) to allow restaurants to reopen to fully vaccinated diners as new infections have declined in the past few days. “The Covid-19 situation appears to be improving. Certain restrictions should therefore be lifted,” said Kiattiphum Wongrajit, permanent secretary for public health, […]
Read MoreIndonesia’s Upstream Oil and Gas Special Regulatory Taskforce (SKK Migas) has projected a significant increase in the Southeast Asian country’s oil and gas consumption over the next decades, but whether this will happen depends largely on the transportation sector. Institute for Energy Economics and Financial Analysis (IEEFA) analyst Elrika Hamdi said whether oil consumption would […]
Read MoreTHE Bureau of Internal Revenue (BIR) reminded social media influencers and play-to-earn gamers that they are exempt from paying income tax if they make less than P250,000 per year, but said they should still register with the agency. BIR Deputy Commissioner Marissa Cabreros told the Laging Handa briefing on Tuesday that these people should not be afraid to register […]
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Thailand
