MANILA, Philippines — A Chinese firm engaged in the manufacture of yarns and fabric is looking to set up shop in the Philippines, the Department of Trade and Industry (DTI) said. Trade Secretary Ramon Lopez met with representatives from Texhong Textile Group Ltd. in China last week and the company discussed its interest to invest […]
Read MoreCommercial banks and state-owned financial institutions have reacted swiftly to the Bank of Thailand’s recent monetary policy easing by cutting their lending rates, but the efficiency of such a move remains opaque amid lethargic economic conditions. Viewed as a joint response to the central bank’s monetary policy easing, Kasikornbank, Krungthai Bank and Bangkok Bank cut […]
Read MoreThe 0.125 per cent to 0.25 per cent reduction in loan interest rates will benefit small and medium enterprises (SMEs) and boost the country’s gross domestic product by 0.1 per cent, research by Kasikorn Research Centre showed on August 15. The study showed that the reduction of interest rates, including minimum overdraft rate (MOR) and […]
Read MoreAsean banks and institutional investors are “on track” to creating an ecosystem to promote sustainable investments throughout the region, finance experts said. On Tuesday, the World Wide Fund for Nature (WWF) and the Thai Bankers’ Association (TBA) jointly released the official guidelines for building the capacity to cope with environmental, social and governance (ESG) risks. […]
Read MoreMyanmar Airways International has appointed Korea’s Meebang Air Agencies Co as its general sales agent (GSA) to facilitate collaborations with a network of trade partners in the country to offer Korean travelers affordable air travel options to and from Myanmar. As part of the largest airline group in Myanmar, which also includes Air KBZ, Myanmar […]
Read MoreSINGAPORE’S non-oil domestic exports (NODX) continued to fall in July, but less sharply. After dropping 16.3 per cent year on year in May and 17.4 per cent in June, the NODX slipped 11.2 per cent last month – against a 15.4 per cent median estimate by private sector economists. Month on month, the NODX even […]
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