Now that the Central Bank of Myanmar (CBM) has allowed a total of seven foreign banks to provide trade financing services in Myanmar, traders are anticipating much better business in the months ahead. Last December, the CBM permitted 13 foreign banks to apply for approval to offer trade financing services in the country. Since then, […]
Read MoreJAKARTA: Indonesia’s financial regulator said it was considering setting a cap on interest rates and the size of loans offered by fintech firms, in a move aimed at minimizing the risk of defaults. The emergence of these peer-to-peer (P2P) lending platforms, offering loans ranging from as little as a few hundred dollars to several thousands, […]
Read MoreASIAN countries were the most optimistic about the state of their economies this year and for the next few years, based on consistent gross domestic product (GDP) growth in China and several emerging economies in Asia, said a survey by professional services provider PwC. The top four countries – the Philippines, Indonesia, China and Vietnam […]
Read MorePrime Minister Hun Sen on Monday claimed Cambodia continues to attract millions of tourists and great amounts of foreign investment due to its political stability. The statement comes amid rising pressure from Western countries over recent democratic setbacks, particularly the dissolution of the Cambodia National Rescue Party (CNRP), the country’s main political opposition, in November […]
Read MoreTEMPO.CO, Jakarta – Finance Minister Sri Mulyani stated that the exchange rate movement and Indonesia Crude Price (ICP) in the early period of the year have caused a change in the energy subsidy in the 2018 budget. “The movement, in terms of budget, has provided a good impact on the revenue side, but on the other hand, it […]
Read MoreKUALA LUMPUR: Malaysia’s manufacturing sector got off to a slower start in January 2018, with the industrial production index (IPI) up 3%, which was below Bloomberg’s survey of a 6.8% growth. The Statistics Department said on Tuesday the January IPI was also down 4.5% from December 2017 due to slower growth in the manufacturing sector. […]
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Thailand
