The Philippine peso-US dollar spot trading and the operations of banks in the areas heavily affected by Taal Volcano activity were suspended on Monday. In a statement, the Bankers Association of the Philippines (BAP) explained that the closure of the spot trading was pursuant to Bangko Sentral ng Pilipinas Circular 1043 Section 3(b) of Annex […]
Read MoreYangon-based investment advisory firm, Andaman Capital Partners, has invested into a local plastics recycling start-up. Andaman Capital has injected a mid-six digit figure in Myanmar Recycles, which will help the start up to expand its business. The actual sum was not disclosed. “The funding will be used to acquire more recycling equipment that will significantly […]
Read MoreAny measures authorities take to curb gains in the currency will not disrupt the “market mechanism” of the baht, Finance Minister Uttama Savanayana said on Monday. There are additional steps that can be taken to “rebalance the baht,” such as increasing outbound investment, Mr Uttama said in an interview at the Asian Financial Forum in […]
Read MoreFACED with rising business costs and wages in a challenging operating environment, companies want those issues addressed in this year’s Budget. To that end, they are seeking tax relief and other business lifelines, with tax reductions and rebates topping their wishlists, according to the Singapore Business Federation’s (SBF) latest annual survey of over 1,000 companies […]
Read MoreAmerican credit rating agency Moody’s has assigned a B3 rating with a positive outlook to the government of Laos, citing the country’s high economic growth potential. The rating agency pointed out, however, the country’s weak executive institutions, limited transparency, and the small economy could be potential challenges. It is the first time for Laos to receive such […]
Read MoreMyriad negative factors, including lower exports, widespread drought, baht strength, political uncertainty and poor business sentiment have prompted the University of the Thai Chamber of Commerce (UTCC) to lower its economic growth forecast to 2.8% for this year. Thanavath Phonvichai, the UTCC’s president, said the domestic political situation is the business sector’s biggest concern because […]
Read More
Thailand
