The Prime Minister’s Office plans to upgrade the Daktaok local border crossing in Dakcheung district, Xekong province, to an international level crossing on the Vietnamese border. Lao and Vietnamese officials are currently discussing the date when this change will take place. If the status is elevated as planned, Daktaok will become Xekong’s first international border […]
Read MoreReal estate, one of the Kingdom’ economic backbones in terms of economic growth, is predicted to continue to be healthy this year and one of the few sectors that business insiders consider to be a good trend for investors. James Hodge, CBRE Cambodia director, said the market shows signs of resiliency this year despite some […]
Read MoreCharoen Pokphand has acknowledged considering the possibility of acquiring a controlling stake in Tesco Plc’s Asia business, an operation the group sold almost two decades ago. Any deal would depend on the results of a feasibility study that CP Group is conducting of the purchase, and no concrete decision has been made yet, according to […]
Read MoreDespite deployment ban MANILA, Philippines — Remittances from overseas Filipino workers (OFWs) are expected to remain stable despite the possibility of a total deployment ban to Kuwait, according to the Bangko Sentral ng Pilipinas (BSP). “Notwithstanding the said deployment ban to Kuwait, cash remittances of OFWs coursed through the banking system may remain stable as […]
Read MoreSINGAPORE (AFP) – Singapore is opening up its banking industry to digital lenders in a reform that could shake up the sector across Southeast Asia, with Chinese billionaire Jack Ma and ride-hailer Grab among those seeking licences. Traditional banks are being challenged by a new generation of online-only competitors that can offer better savings and […]
Read MoreLaos and China have agreed to facilitate the direct exchange of the Lao kip (LAK) and the Chinese yuan (CNY) instead of having to make conversions through other currencies as was done previously. Governor of the Bank of the Lao PDR, Mr Sonexay Sithphaxay, and Governor of the People’s Bank of China, Mr Yi Gang, […]
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Thailand
