The number of Myanmar’s exports to the neighbouring countries through border trade showed a decrease of US$66.57 million in the last financial year 2019-2020 compared with the FY2018-2019, resulted from the trade suspension and closure of border crossings as a precautionary restriction measure for the COVID-19. The export through border trade reached $7.152 billion in […]
Read MoreBangkok Bank (BBL) expects tier-one capital will return to a normal ratio of 18% this year after issuing adequate tier-one capital (AT1) last month. The capital buffer should be sufficient to cope with the prospects of higher non-performing loans (NPLs) and economic uncertainties for the next three years, said executive chairman Deja Tulananda. The banking […]
Read MoreMANILA, Philippines — Multilateral lender International Monetary Fund (IMF) said the Philippines is expected to suffer the biggest blow from the coronavirus disease 2019 or COVID-19 pandemic in the region with a deeper economic recession this year despite the projected less severe global contraction. Yongzheng Yang, IMF resident representative to the Philippines, said the country’s […]
Read MoreThe Hanoitimes – While Vietnam is at risk of being listed as currency manipulator by the US, such a risk appears low, as the US will likely continue to reduce its dependence on Chinese exports by reorganizing its supply chain with other partners. In the short-term, the State Bank of Vietnam (SBV)’, the country’s central bank, […]
Read MoreJAKARTA: The Indonesian rupiah has languished at the bottom of Asian currency rankings for most of the year but a recent overhaul of the nation’s investment law may help revive its fortunes. The rupiah rose about 1% against the dollar last week after Indonesia approved its first omnibus law aimed at cutting red tape to […]
Read MoreChina and Cambodia yesterday signed a free trade agreement (FTA) in Phnom Penh, with Cambodian Prime Minister Hun Sen and visiting Chinese State Councillor and Foreign Minister Wang Yi attending the signing ceremony. Mr Hun Sen spoke highly of the FTA, saying that it is of great significance economically and politically. He also expressed his […]
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Thailand
