The National Bank of Cambodia yesterday set an interest rate cap of 18 percent per annum for microfinance institutions, deposit-taking MFIs and licensed rural credit institutions to help the poor, curb over-indebtedness and reduce poverty. However, some industry insiders said the move will have the opposite effect, adversely affecting both financial institutions and the poor […]
Read MoreMinisters and industry experts say the government’s approach of paying the electricity bill using the union budget is a hindrance to the development of the sector. In 2012, the average export rates per electric unit in Southeast Asian countries can cost up to more than K267 per electric unit: K67 in Brunei, K71 in Myanmar, […]
Read MoreKUALA LUMPUR: The Asean Capital Markets Forum (ACMF) has collaborated with the International Capital Market Association (ICMA) to introduce Asean Green Bond Standards. This initiative would facilitate Asean capital markets in tapping green finance to support sustainable regional growth and meet investor interest for green investments. Among key initiatives endorsed at the 26th ACMF meeting […]
Read MoreThe parliaments of Cambodia, Laos, Myanmar and Vietnam (CLMV) shared experiences in monitoring and managing State budget and public investment during a conference in Phnom Penh on Monday. Addressing delegates at the launch of the conference, Cambodian National Assembly (NA) leader Heng Samrin said the event was an opportunity for the legislative bodies of the […]
Read MoreVinamilk, Vietnam’s largest dairy producer, has begun operating the country’s first-ever organic dairy farm to adhere to European standards, in the Central Highlands province of Lam Dong. Located in Tu Tra Commune, Don Duong District, the $8.7 million farm, certified by the Netherlands-based global network of inspection operations Control Union, has a herd of 500 […]
Read MoreCanada’s two biggest pension funds have agreed to partner with Logos, a real estate logistics operator, to invest in warehouses in Singapore and Indonesia, betting on demand from the rise of e-commerce and a burgeoning middle class in South-East Asia. Canada Pension Plan Investment Board (CPPIB), the top pension fund of the country, said in […]
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Thailand
