Kasikornbank (KBank), Thailand’s fourth-largest lender by assets, aims to lend 1.5 billion baht this year to corporate customers who invest in Cambodia after officially launching a full-service branch in the country. Large Thai companies in need of financial support for expansion into Cambodia are the bank’s targets, said president Predee Daochai. KBank’s new Cambodian branch will […]
Read MoreKUALA LUMPUR: The policy rhetoric of US President Donald Trump will unlikely culminate into a trade war between the world’s largest economy and China. According to panelists at the Invest Asean 2017 conference here yesterday, while the United States is increasingly looking inwards under Trump’s administration, a trade war with China or any major economies […]
Read MoreCambodia’s total exports to the United States declined last year compared with 2015, due to uncertainties in the US presidential race and rising exports from Vietnam and new market player Myanmar. According to figures from the Office of the US Trade Representative, total exports from Cambodia to the United States were more than $2.8 billion […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia (BI) has expressed its appreciation for credit rating agency Moody’s Investors Service’s decision to upgrade its outlook for Indonesia’s sovereign credit rating from stable to positive. Concurrently, Moody’s has affirmed Indonesia’s investment grade rating of Baa3. “Improved Moddy’s outlook shows a continued recognition from international agencies of Indonesia’s success in […]
Read MoreThai businesses are being urged to prepare for a possible trade war ignited by the protectionist policies of US President Donald Trump by diversifying into other markets. Somkiat Tangkitvanich, president of the Thailand Development Research Institute (TDRI), said yesterday that while Thailand is less exposed to US protectionism than other Asian countries, it could face […]
Read MorePETALING JAYA: Malaysia’s exports rose 10.7% to RM75.6bil in December 2016 from a year ago, exceeding economists’ expectations of 9.6% growth, underpinned by higher exports of electrical and electronic (E&E) products, palm oil and palm-based products. The Statistics Department said on a month-on-month (m-o-m) basis, exports increased RM2.7bil, or 3.7% from RM72.8bil. In seasonally adjusted […]
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Thailand
