USE of the local currency settlement (LCS) scheme between Indonesia and Thailand has grown substantially since its inception in late 2017, Bank Indonesia (BI) said in a statement on Monday. The LCS scheme promotes the use of local currencies to settle transactions between related parties to boost international trade and investment between countries and reduce […]
Read MoreRS yesterday announced its new vision, following a full-stream migration to the commerce and retail business sector. The company is confident that the new business model will bring in a new high in profits, with the plan to expand its business in CLMV countries (Cambodia, Laos, Myanmar, and Vietnam) starting from next year. RS has […]
Read MoreWill your business still exist in three years? That’s probably the biggest question for top executives worldwide as a new research shows nearly four out of top-ten market leaders today will likely be displaced due to significant technology disruption. The research was conducted by Digital Vortex, a book published by Digital Business Transformation (DBT) Centre, […]
Read MoreThailand‘s manufacturing production index (MPI) in February unexpectedly dropped 1.6% from a year earlier, led by lower production of steel, computers and rubber products, the Industry Ministry said on Tuesday. That compares with a forecast rise of 0.52% in a Reuters poll, and against January’s 0.18% increase. Capacity utilisation was at 69% in February, down from January’s […]
Read MoreThe Stock Exchange of Thailand (SET) index on Monday fell over concerns of a political gridlock following Sunday’s general election, but the baht’s value strengthened as investors offloaded their US dollar holdings. Thailand’s benchmark index closed at 1,625.91 points, down 20.38 points or 1.24%, in turnover worth 47 billion baht. A dip in Thailand’s stock market […]
Read MoreTHE FINANCIAL services industry is undergoing a perfect storm of transformation caused by changes in the regulatory environment, intense competition from fintech startups and increased investments in digital tools by traditional players. Predicting the future is a tough task and in an industry that’s changing as fast as financial services, that’s even harder, but as […]
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