Thailand ranked second for Chinese travellers making payments through the Alipay platform during their holidays overseas, the e-wallet company of Ant Financial Service Group has reported. Alipay, an affiliate of Alibaba, revealed Hong Kong, Thailand and South Korea were the top three markets for overseas transactions in July and August. The other markets in the top […]
Read MoreThe Hanoitimes – The health of the sector has now strengthened in 33 successive months. The headline Nikkei Vietnam Manufacturing Purchasing Managers’ index (PMI) posted 53.7 in August, signaling a further solid improvement in business conditions, according to Nikkei and HIS Markit. A reading below the 50 neutral mark indicates no change from the previous month, while […]
Read MoreIndonesia recorded deflation of 0.05 percent in August on the back of decreasing foodstuff prices, while the start of the school year resulted in inflation in the education spending category, Statistics Indonesia (BPS) announced on Monday. August’s deflation is in contrast to the 0.28 percent inflation recorded in the previous month. The latest figure brought year-to-date (ytd) inflation to 2.13 percent, while year-on-year […]
Read MoreThe price of high quality domestic rice has risen the most in five years, driven by rising demand, inflation and potential price manipulation, local traders said. According to data from the Myanmar Rice Federation and Myanmar Rice and Paddy Traders Association, a bag of Ayeyarwady Paw San rice had hit K52,000 in August, which is […]
Read MoreMANILA, Philippines — Southeast Asia’s biggest e-commerce portal Lazada is aiming to double its sales in the Philippines this year with the launch of LazMall which seeks to offer a premium shopping experience. “Our ambition is to grow, to double the business this year at least,” Lazada Philippines chief executive officer Ray Alimurung said. He […]
Read MoreRising food and energy costs boosted inflation to 1.6% in August, the highest in almost four years, adding to the case for the Bank of Thailand to deliver its first rate hike since 2011. The policy rate of 1.5% is now below inflation, making the economy only the second one in Southeast Asia, alongside the […]
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