Siam Commercial Bank (SCB) plans to shutter 200 physical branches this year as part of its three-year plan to cut operating costs by 30% by 2020 and move towards digital banking. Mobile banking service has operating costs 40-50% lower than branch services, said chief executive and president Arthid Nanthawithaya. Employees who work at branches will be […]
Read MoreWith the Yangon region government aiming to expand the industrial sector by around 10 percent in 2018-19, members of parliament have urged the authorities to prescribe the appropriate legislation to govern developments in the sector, as this will draw much needed foreign direct investments (FDI). This includes the construction of new industrial zones. “Presently, management […]
Read MoreArrangements are being made for sugar re-export licenses to be reissued after this year’s sugarcane crushing season ends within the next few weeks, said U Win Htay, deputy chair of Myanmar Sugar and Sugar Cane Related Products Merchant & Manufacturers Association. The announcement was first made at a regular meeting between government ministers and local […]
Read MoreMyanmar Strategic Holdings (MSH) and Auston Institute of Management have formed a joint venture to set up and operate a private school in Yangon, according to an April 6 announcement by MSH, which is listed in London. As part of the agreement, MSH will provide the required funding, which is estimated to be around half […]
Read MoreBEIJING: Singapore and China signed a Memorandum of Understanding (MOU) on Third-party Market Cooperation in Beijing on Sunday (Apr 8) to promote greater collaboration between Singapore and Chinese companies in third-party markets along the Belt and Road. Minister for National Development and Second Minister for Finance Lawrence Wong and China’s National Development and Reform Commission […]
Read MoreDeputy Energy and Mineral Resources Minister Arcandra Tahar said in Jakarta on Monday that the government would require all fuel retailers to report fuel price increases at gas stations. “Any price increase requires approval from the government,” said Arcandra at the ministry. He said the new policy targeted all gas station operators, including state-owned energy […]
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Thailand
