DOMESTIC wholesale trade expanded by 10.3 per cent on a seasonally adjusted basis in the fourth quarter of 2016 over the previous quarter, due partly to higher prices of petroleum and chemical products. Excluding petroleum, domestic wholesale trade went up 5.3 per cent. After removing the price effect, overall domestic wholesale trade grew by 0.5 […]
Read MoreThailand’s economy expanded less than expected in the last quarter of 2016 and the government left its forecast for growth this year unchanged, indicating recovery will remain a slow process. Growth in October-December was 0.4% from the previous quarter, on a seasonally-adjusted basis, below the 0.6% seen in a Reuters poll. The government revised July-September […]
Read MoreThe Central Bank of Myanmar may allow foreign banks to launch trading services if local banks are unable to facilitate trade financing for importers and exporters, Central Bank director general U Win Thaw told the Myanmar Times. Asian Development Bank country director Winfried Wicklein introducing the ADB’s Trade Finance Program at the British Chamber of […]
Read MoreMANILA, Philippines – Ant Financial Services Group, the financial technology company controlled by Alibaba’s Jack Ma, is making a strategic investment to get a 45-percent stake in Globe Fintech Innovations Inc. (Mynt), a unit of Globe Telecom Inc., to help accelerate financial inclusion in the Philippines. In a statement, Globe said Ant and Ayala Corp. […]
Read MoreTEMPO.CO, Jakarta – Central bank Bank Indonesia (BI) estimated that the prices of the majority of strategic commodity will increase throughout 2017 and such an increase will leverage the rate of exports as one component of economic growth boosters. BI economic and monetary policy director on Saturday (18/02) in Bandung said that the prices of a number of […]
Read MoreThe Lao government has awarded a Friendship Medal to the outgoing Cambodian Ambassador to Laos, Mr Hos Sereythonh, to congratulate his successful mission and his achievements in enhancing relations and cooperation between Laos and Cambodia. The medal was presented on Friday by Minister of Foreign Affairs, Mr Saleumxay Kommasith on behalf of the Lao government. […]
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Thailand
