The 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. […]
Read MoreThe Cabinet of ministers approved on Friday two electricity development projects in a bid to address the increasing demand for electricity in the kingdom. The two projects will be a 230-kilowatt transit grid development project from the Ta Tei dam in Koh Kong province as well as a coal-fired electricity plant in Preah Sihanouk province, […]
Read MoreREGARDLESS of everything that has changed over the past millennia, gold has maintained its position as a valuable asset. Today, there seem to be two schools of thought. One school says gold is an excellent asset to diversify your portfolio and to protect your wealth against inflation. The other school says gold is an outdated, […]
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Thailand
