Another Chinese property developer defaults

HONG KONG: Modern Land reported a missed payment on Tuesday, the latest Chinese property developer to do so, adding to worries about spiralling effects of the debt crisis at behemoth China Evergrande Group and dragging on shares in the sector. Source: Business

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More secure payment needed

Related parties share a common view that the security bar must be further raised by both users and service operators to prevent cybercrime regarding online payment transactions. Source: Business

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Ministry aims to keep living costs in check

The Commerce Ministry’s Internal Trade Department is keeping a close watch on the prices of essential and agricultural products for the remainder of the year as floods are affecting parts of the country and energy prices are rising. Source: Business

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New Tour Teaw Thai gets tepid response

The new Tour Teaw Thai, which helps subsidise 40% of tour packages of up to 5,000 baht to one million people, received lukewarm feedback from both travellers and tour operators despite the start of new travel season. Source: Business

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Post-Covid EV industry surge anticipated

Startups venturing into electric vehicle (EV) businesses expect to see rapid post-pandemic growth of the industry, with more charging facilities and EV-sharing service platforms to serve new urban lifestyles. Source: Business

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Conceiving safer payments

Related parties share a common view that the security bar must be further raised by both users and service operators to prevent cybercrime regarding online payment transactions. Source: Business

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