Growth prospects for Asean insurance markets look robust and are supported by strong socioeconomic fundamentals, says a report by Moody’s Investors Service. The study looked at six markets in Asean — Singapore, Thailand, Malaysia, Indonesia, Vietnam and the Philippines. While each market’s growth differed in pace and quality, the overall outlook was good for insurance. “The […]
Read MoreA weaker baht pushed rice export prices in Thailand lower this week, although there were expectations of new deals with the Philippines and China, while rates in India languished at the 21-month lows hit last week due to sluggish demand. In Thailand, benchmark 5% broken rice prices were quoted at $380-$400 per tonne, free on board (FOB) Bangkok, […]
Read MoreBank of Ayudhya (BAY) aims for 10% growth in retail lending and keeping its bad loan ratio at 2.6-2.7% next year, says a senior official at the bank. The 10% growth translates into 100 billion baht worth of new loans in 2019, said Phonganant Thanattrai, head of retail banking and the distribution group. The bank […]
Read MoreSingaporeans and Malaysians are among the most proficient English speakers in the region, a global study has found. On its eight edition, this year’s EF English Proficiency Index (EPI) took into account 1.3 million adults who are non-native English speakers, across 88 countries and regions. Singapore was ranked third internationally, making it the first Asian nation […]
Read MoreMANILA, Philippines — The Philippines ranked lower in the World Bank’s Ease of Doing Business Report 2019, placing 124th out of 190 countries from 113th previously, largely due to higher business registration costs and increased time for imports inspection. The international finance institution’s report released Wednesday night actually showed the country’s overall ease of doing […]
Read MoreThailand’s ranking among 190 economies in the World Bank’s Ease of Doing Business Report 2019 fell a notch to 27th, though its overall score improved by 1.06 percentage points to 78.45. Thailand’s EODB score, an absolute measure of the country’s progress toward global best practices, increased from 77.39 last year. “As a comparative measure, other […]
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