Kasikornbank’s (KBank) unaudited fourth-quarter net profit rose 86% year-on-year to 10.2 billion baht mainly because of lower loan-loss provisions, higher net interest income and rising non-interest income. The bank delivered a 5.3% year-on-year increase to its net interest income, rising to 23 billion baht in the three months to December, and a 4.8% year-on-year lift […]
Read MoreKUALA LUMPUR: Higher food prices pushed December’s inflation rate up 1.8% from a year ago but the increase was slightly lower than a Bloomberg survey of a 1.9% rise. The Statistics Department said the overall index for the Consumer Price Index (CPI) increased by 1.8% to 116.9 in December 2016 from 114.8 a year ago. […]
Read MoreA Ministry of Finance proposal to increase the environmental protection tax on oil and gas consumption from the current VND3,000 (US$0.13) to VND8,000 per litre has generated concerns about impacts on daily life and production. Lao Đong (Labour) and Tin Tuc (News) newspapers discussed the issue with Vu Khac Liem deputy director of the ministry’s […]
Read MoreSINGAPORE has come in as the eighth most expensive city in the world to move to, with a basic first month living cost of US$2,148.45, according to the 2017 Relocation Price Index. In a study by online moving platform Movinga, it was found that Luanda, Angola had the highest first month’s basic costs, ahead of […]
Read MoreKUALA LUMPUR: The Malaysian Institute of Economic Research (Mier) has forecast a gross domestic product (GDP) growth of 4.5% for Malaysia this year against an estimated growth of 4.2% projected for 2016. Executive director Dr Zakariah Abdul Rashid said the projection was based on the country’s healthy trade balance in September, October and November last […]
Read MoreREGISTERED business trusts must prepare financial statements identical to the International Financial Reporting Standards (IFRS) for annual periods starting January 1, 2018, the Monetary Authority of Singapore (MAS) said on Thursday. However, authorised collective investment schemes will continue to prepare financial statements using accounting practices recommended by the Institute of Singapore Chartered Accountants (ISCA). Under […]
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Thailand
