Thailand is laying the foundations for standalone digital banks as it strives to catch up with other Asian markets that are allowing such changes, according to the central bank governor. “At this stage, Thailand might not have the ecosystem ready like in Singapore or Hong Kong, where the digital banking system is in better shape,” […]
Read MoreThe National Bank of Cambodia (NBC) forecasts the inflow of foreign direct investment (FDI) into the country will rise 10 percent in 2020, reaching $3.95 billion, according to the its macroeconomic and banking sector update for 2019 and outlook for 2020. The report shown the FDIs for the financial sector will reach $1.37 billion and […]
Read MoreKUALA LUMPUR: Malaysian crude palm oil futures rallied on Thursday, recouping losses suffered this week, as India’s move to restrict imports of refined palm oil boosted prices, while signs of de-escalation in Iran-U.S. tensions soothed concerns. The benchmark palm oil contract for March delivery on the Bursa Malaysia Derivatives Exchange closed at 72 ringgit, or […]
Read MoreMANILA, Philippines — The World Bank has retained its growth forecast for the Philippines of 5.8 percent in 2019, accelerating to 6.1 percent this year and sustaining momentum at 6.2 percent in 2021 throughout 2022. In its January 2020 Global Economic Prospects Report, the multilateral lender kept the downgraded growth forecasts for the country made […]
Read MoreThe Hanoitimes – Vietnam’s tax authority requested Coca-Cola Vietnam to fulfill its obligations within 10 days since being informed of the fine. The General Department of Taxation (GDT) of Vietnam has decided to fine Coca-Cola Vietnam with an amount of VND821 billion (US$35.44 million), citing the company’s false tax declaration leading to its falling short of […]
Read MoreIN emerging Asia, higher oil prices — fuelled by escalating tensions between the United States and Iran — are likely to benefit Malaysia’s growth the most, while hitting Singapore the hardest, said Barclays analysts in a Jan 8 report. “The comfort from easing trade and global risks seems to be over for policymakers in Emerging […]
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