The Hanoitimes – Domestic non-life insurance companies expect the additional investment capital will help them expand distribution networks and enlarge market shares in the prosperous but competitive market. Bao Long Insurance Corporation has so far approved a plan to increase capital through share issue, with priority for foreign investors. Accordingly, the company’s capital will increase from […]
Read MoreThe Hanoitimes – “The digital lifestyle has played a vital role in the rapid growth of the country`s developments in its economy, infrastructure, and education, and this has resulted in increased domestic household income,” said Philippe Broianigo, CEO of Central Group Vietnam and Big C Vietnam. Central Group, Thailand’s largest retail conglomerate, has plans to invest […]
Read MoreThe proposed 2019 state budget is designed to face a worst-case scenario of rupiah depreciation of up to 35 percent — Rp 18,000 per US dollar –, particularly related to anticipated ballooning government debt due to the rupiah weakening. Finance Ministry Budgetary Director General Askolani said the shock estimation was a stress test that could […]
Read MoreKUALA LUMPUR: The ringgit opened lower against the US dollar today on external factors, including the ongoing US-China trade tensions. At 9 am, the local note was traded at 4.0990/1030 against the greenback from Tuesday’s close of 4.0960/0990. The market was closed on Wednesday in conjunction with the Hari Raya Aidiladha celebration. A dealer […]
Read MoreThe Monetary Policy Committee (MPC) held interest rates steady this month but discussed the timing of the first tightening in years amid concerns about the risks of keeping policy too easy for too long, minutes of the central bank meeting showed on Wednesday. On Aug 8, the committee voted 6-1 to leave the Bank of […]
Read MoreSINGAPORE’S headline inflation was steady in July with the consumer price index (CPI) up 0.6 per cent year-on-year, in line with economists’ expectations and unchanged from June, according to a Department of Statistics report on Thursday. Core inflation, which strips out the cost of accommodation and private road transport, rose 1.9 per cent year-on-year due to a larger […]
Read More
Thailand
