Binh Tien Imex Corp, Pte, Ltd (Biti’s), one of the leading footwear manufacturers in Vietnam, has opened its first store in Cambodia. Biti’s first Cambodia outlet is located in the downtown area of Phnom Penh. The opening marks the launch of the company’s Cambodian subsidiary, known as Biti’s Cambodia, according to Vietnamese media outlets. The […]
Read MoreThe Central Bank of Myanmar (CBM) is planning to take additional measures to further stabilise the foreign exchange market, vice governor U Soe Min said in Parliament on Monday. The new measures may include it intervening in the foreign exchange market, the Myanmar Times understands. The move comes on the back of a recent bout […]
Read MoreThe Finance Ministry plans to raise the excise tax rate on zero-alcohol beer, saying it would discourage people from start drinking. Finance Minister Uttama Savanayana said on Wednesday that the Excise Department of the ministry would soon complete a study on raising tax on zero-alcohol beer from the current rate of 14 per cent, […]
Read MoreMANILA has gained from the trade war between the United States and China, based on a review of export data from the first seven months of 2019 by Maybank Kim Eng analysts. Amid global trade tensions, the Philippines’ shipments to the US and China together rose by 9.2 per cent year on year in the […]
Read More[SINGAPORE] Malaysia’s central bank is likely to keep interest rates unchanged Thursday, although pressure is building for more easing as US-China trade risks continue to rage. Of the 24 economists in a Bloomberg survey, 16 are forecasting the benchmark interest rate will stay at 3 per cent, while eight project a 25 basis-point cut. Swap […]
Read MoreAverage daily new short-term corporate bond issuance and short-dated corporate bond trading in secondary markets slumped by 75% and nearly 50%, respectively, after a 15% withholding tax on gains from investment in fixed-income funds came into force on Aug 20. During Aug 20-30, issuance of short-end corporate bonds averaged 1.12 billion baht a day, down […]
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Thailand
