MANILA, Philippines — A total of 52.8 million Filipino adults do not have bank accounts amid the heightened efforts of the Bangko Sentral ng Pilipinas (BSP) to promote financial inclusion. Results of the BSP’s 2017 Financial Inclusion Survey (FIS) show 60 percent of the respondents reported not having enough money as the main reason for […]
Read MoreThe planned repayment of value-added tax (VAT) to government welfare smartcard holders is expected to take shape by the end of this year, a move meant to improve their purchasing power. The Finance Ministry is preparing to install a system to pay back consumption tax to the recipients of the government’s welfare scheme, said Finance Minister […]
Read MoreMost Indonesian bankers see Go-Jek as an “emerging competitor” to conventional banks in the payment sector, according to a survey conducted by PricewaterhouseCoopers (PwC) Indonesia. The survey seeks to gather diverse views from senior banking executives on digital banking in Indonesia. “A majority of Indonesian bankers, around 72 percent, consider Go-Jek to be one of […]
Read MoreRETAIL sales in Singapore edged up marginally in May, with growth constrained partly by lower motor vehicle sales, according to Thursday’s Department of Statistics release. May’s retail takings were up 0.1 per cent from the same month a year ago, with a total estimated sales value of S$3.8 billion, of which online retail sales contributed 4.3 […]
Read MoreLand prices in central Bangkok have increased by 1,000% since 1988 when property consultant CBRE established an office in Bangkok. Land prices rose dramatically during the Asian Tiger boom years from 1988-1996 before the market came to a grinding halt in the 1997 financial crisis. Price growth resumed in the early 2000s and there has been […]
Read MoreKUALA LUMPUR: Affin Hwang Research says Malaysian rubber glove manufacturers could benefit from the trade spat between the US and China as a tariff is being imposed on rubber/plastic gloves from China. The research house noted that the gloves are on the US$200bil list of Chinese goods that will be subject to a 10% import […]
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Thailand
