The Lao and Cambodian governments have signed a joint communiqué, marking the start of a new era in relations and cooperation between the neighbouring nations. Prime Minister Thongloun Sisoulith and his Cambodian counterpart, Hun Sen signed the communiqué on September 12, in Phnom Penh, Cambodia, outlining the new directions of the bilateral cooperation which the […]
Read MoreSINGAPORE: Singapore saw its lead over Hong Kong shrink to just a whisker in the battle to be Asia’s biggest foreign-exchange currency hub. To keep its advantage, the island state wants to attract more companies to set up electronic trading platforms. Average daily trading in Singapore jumped 22% to a record $633 billion in April […]
Read MoreZero-interest unsecured loans and online shopping are blamed for the country’s swelling household debt, says the Bank of Thailand’s chief. Previous administrations’ tax rebates for first-time car buyers, financial institutions’ promotional campaigns, and changing consumer behaviour in the digital era are also factors spurring retail loan demand and debt accumulation, said central bank governor Veerathai […]
Read MoreSingapore’s limited exposure in terms of trade and investment in Britain could see the Republic emerge relatively unscathed from Brexit, which remains mired in uncertainty after a chaotic parliamentary session in Britain last week, analysts said. Singapore’s trade with Britain accounted for only one per cent of its total exports and 2.1 per cent of […]
Read MoreShipping company PT Pelita Samudera Shipping has received a nod from its shareholders to carry out a private placement to fund the purchase of a new vessel as part of its expansion plan this year. The publicly listed company is planning to buy a new handy size mother vessel worth US$7.52 million from Singapore-based Convivial Navigation Co […]
Read MoreThe governor of the National Bank of Cambodia has praised the State Bank of Vietnam and Vietnamese banks operating in the Kingdom for their support and contribution to the Kingdom’s banking sector and economic development. During an annual meeting between the central banks, Chea Chanto, NBC’s governor, said Vietnam’s has played an important role in […]
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