SMEs have been pivoting towards digital platforms to reach out to customers online, with the number of Line Official Account (Line OA) subscribers jumping 25 percent to 5 million last year, according to Line Thailand. Line OA is designed to allow businesses or companies to communicate with customers and promote...
Earlier in November, central banks in Indonesia and the Philippines kept interest rates at record lows to support the countries slow recovery from the pandemic. Southeast Asia's largest economy, Indonesia, grew by a disappointing 3.51% in the third quarter as restrictions to control COVID-19 cases weighed on activity. The picture...
After 20 months of pandemic-induced restrictions and lockdowns, borders are in the reopening phase across Southeast Asia. Thailand opening of its border has already boosted tourism and given a ray of hope to the region's airline industry. More countries across Asia are now speeding up their reopening schedules to kickstart...
Thailand has increased the ceiling of its public debt-to-gross domestic product (GDP) ratio to 70 percent from 60 percent, allowing the government to raise more funds to help a struggling economy. The decision was made by the State Monetary and Fiscal Policy Committee chaired by Prime Minister Prayut Chan-o-cha on...
The contract manufacturer Foxconn and Thai energy company PTT have created a joint venture for the production of electric cars in Thailand. Investments of one to two billion US dollars are to flow into the large-scale project. Foxconn has said that the Eastern Economic Corridor (EEC), a special economic zone...
Malaysian banks seeking to operate in Thailand under a regional accord can open as many as 40 branches and should have at least 15 billion baht ($455 million) in capital, according to rules unveiled on Tuesday (Sep 14). Lenders must submit their applications to the Bank of Thailand to become...
Jungle Ventures raised $225 million in the first close of its fourth fund as the venture capital firm seeks to replicate its successes in startups across Southeast Asia and India. Many of its existing investors in previous funds backed the latest one, founding partner Amit Anand said in an interview....
It is almost certain that when we talk about financial technology (fintech) development in Asia-Pacific, the focus usually shifts on China or even India to some extent. These large economies tends to overshadow Southeast Asia potential. But, it might not be the case for long. Southeast Asia is emerging as...
Thailand will start collecting value added tax (VAT) from foreign technology companies starting Wednesday (Sep 1). According to a senior official from the Thai government, the tax is expected to raise at least minimum of 5 billion baht ($154.70 million) in additional revenues each year. Foreign platforms which provides electronic...
Fintech and e-commerce companies in Southeast Asia are raising hefty amounts of capital as global investors bet on post-pandemic technology plays, bankers and investors said, a trend that is also stoking concerns about frothy valuations. Public equity capital raising by Southeast Asian firms has surged to a four-year high of...
The incentives Thailand announced recently to promote investment in the manufacturing of semiconductors and related industries, as well as research and development, aim to further strengthen Thailand’s electronics supply chain at a critical juncture when the sector sees rising investment in face of global challenges, the Thailand Board of Investment (BOI) said. “The Covid-19 crisis has...
WeWork, a global space provider, has launched WeWork Growth Campus, a new initiative aimed at boosting Southeast Asia’s entrepreneurial startup ecosystem. While Southeast Asia has seen some scale-ups rise to new heights during the pandemic, COVID-19 has presented a huge challenge for startups and the community that supports them. With...

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