The Central Bank of Myanmar (CBM) has released a slew of new rules aimed at managing local banks’ exposure to non-performing loans as risks rise in the financial sector. According to a November CBM directive, banks must convert all their outstanding overdrafts as at July 7, 2017, into term loans with a maximum maturity of […]
Read MoreThe Bank of Thailand has painted a rosy picture of the country’s economy, saying it is quite possible for fourth-quarter growth to exceed the 4.3% registered in the third quarter, adding full-year growth of 4% is obtainable if exports continue to rise at a double-digit pace. “It is not hard for the economy to grow […]
Read MoreKUALA LUMPUR: Malaysia, Thailand and Indonesia have agreed to implement the fifth Agreed Export Tonnage Scheme (AETS) beginning tomorrow (Friday). In a statement, the International Tripartite Rubber Council (ITRC) said under the scheme, the three ITRC member countries would restrict exports of natural rubber (NR) for a specific time frame, with the objective of addressing […]
Read MoreTHE Brunei Malay Chamber of Commerce and Industry (DPPMB), hosted a Power Lunch event yesterday at the Radisson Hotel. The event was attended by members of DPPMB, leading businesspersons in the country, members of the diplomatic corps and other distinguished guests. Among the notable guests were Motohiko Kato, the Ambassador of Japan to Brunei Darussalam, Adinin […]
Read MoreInstead of making tax payments in cash, a more convenient online payment system will be implemented by the state banks early next year, said deputy director general Dr Khine Shwe Whar from the Central Bank of Myanmar (CBM). “This online customer-to-customer transfer (CCT) payment system will start in February 2018,” she said in a meeting […]
Read MoreSINGAPORE – The upgraded Singapore-Australia Free Trade Agreement (SAFTA) was ratified and came into force on Friday, heralding a new era of bilateral economic relations, the Ministry of Trade and Industry (MTI) announced. Its key benefits include updated trade rules in goods, increased opportunities for businesses to bid for government procurement contracts, enhanced access to […]
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