[SINGAPORE] Cracks are showing in South-east Asia’s credit markets as struggling companies in troubled industries seek to repair their balance sheets, according to Rajah & Tann Singapore LLP, which manages the largest network of corporate lawyers in the region. The law firm, which has handled local units of Lehman Brothers Holdings and MF Global in their bankruptcy cases, said […]
Read MoreThe Kingdom’s insurance industry generated more than $190 million in gross premiums last year – an increase driven by life insurance of nearly 30 per cent over the previous year – the Insurance Association of Cambodia (IAC) said. A press release obtained by The Post on Monday showed that the industry’s total gross premiums last […]
Read MoreFLUCTUATIONS in foreign exchange rates have impacted Thai shipments particularly to Argentina and Turkey whose currencies saw sharp depreciation last year, according to Commerce Ministry’s recent study. Pimchanok Vonkorpon, director of the ministry’s Trade Policy and Strategy Office, said that based on the study, the Sudanese pound fluctuated the most – by 164.6 per cent […]
Read MoreMANILA, Philippines — The Energy Regulatory Commission (ERC) has approved a lower feed-in tariff allowance (FIT-All) rate, which covers payments to renewable energy developers. The FIT-All rate will help mitigate the increase in consumers’ electricity bills during the summer season. In an order, the ERC allowed the National Transmission Corp. (TransCo) to collect 22.26 centavos […]
Read MoreThe Hanoitimes – In 2018, Ho Chi Minh City’s gross regional domestic product (GRDP) expanded 8.3%, making up 24.16% of Vietnam’s GDP, the highest rate so far. Ho Chi Minh City is calling for foreign investment in 255 projects in the fields of infrastructure development, smart urban, and environment, among others, according to Nguyen Thien Nhan, […]
Read MorePETALING JAYA: There is room for Bank Negara to cut interest rates to support Malaysia’s economic growth even if inflation rises in the latter part of the year, economists say. According to AmBank Research, there is a strong case for the central bank to lower the benchmark overnight policy rate (OPR), which commercial banks refer […]
Read More
Thailand
