HANOI – Commercial Bank for Foreign Trade of Vietnam (Vietcombank) is planning to sell more than 350 million shares, or a 10 per cent stake, to foreign investors in the first half of 2018. The bank’s decision comes after a green signal from the Government, Nikkei reports. Vietcombank chairman Nghiem Xuan Thanh told reporters that the plan […]
Read More(KPL) Laos-China Railway Project and relevant authorities have reached agreement on the compensation of families affected by the multibillion-dollar project and asked the families to open account with Banque Pour Le Commerce Exterieur Lao to receive the compensations. The agreement was reached at a meeting held on 22 Feb in Luang Prabang in the presence of […]
Read MoreEnergy policymakers are planning to increase the volume of the country’s legal reserves for refined oil from oil traders to 2% or 7.3 days, up from 1% or 3.65 days. On the other hand, oil refiners are planning to cut crude oil reserves from 6% or 21.9 days to 5% or 18.25 days. For both […]
Read MoreThe economy is likely to expand further this year on the back of strong household spending and investments among other factors, Wallace Business Forum said. Gross domestic product (GDP) growth is expected to move nearer 7 percent in 2018, slightly better than the 6.7 percent posted in 2017, the consultancy said in a publication. The […]
Read MoreThe Union of Myanmar Federation of Chambers of Commerce and Industry (UMFCCI) and Myanmar Petroleum Trade Association (MPTA) have suggested that Myanmar directly import fuel oil from oil exporting countries in Asia. The move took place during a meeting with U Win Khine, Minister of the Ministry of Electricity and Energy (MOEE) at the UMFCCI […]
Read MoreKUALA LUMPUR: The ringgit slightly rebounded to open marginally higher against the US dollar today, on renewed interest on the emerging currencies, said dealers. At 9.30 am, the local note was quoted at 3.9100/9150 versus the greenback from 3.9170/9200 on Friday. A dealer said that investors were awaiting news from the Federal Reserve Governor Jerome […]
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Thailand
