Local energy companies are warning of a rise in retail fuel prices if global crude oil prices skyrocket above US$70 per barrel as a result of US-Iran tensions. Chairit Simaroj, managing director of Susco, a local oil trader, said these tensions could be prolonged if the nations fail to negotiate. “This is the beginning stage, […]
Read MoreThe Hanoitimes – US Development Finance Corporation is committed to investing in Vietnam, particularly in energy, healthcare and infrastructure development. With around US$60 billion under disposal, US International Development Finance Corporation (DFC), the US government’s development finance institution, would not limit its support for US enterprises, and neither for Vietnamese peers, said Adam Boehler, DFC’s CEO. […]
Read MoreMANILA, Philippines — The yields of term deposits fell across the board anew as liquidity has started to return to the financial system after the Christmas and New Year holidays, according to the Bangko Sentral ng Pilipinas (BSP). The seven-day term deposits fetched 4.1641 percent at the term deposit auction facility (TDF) yesterday, 7.04 basis […]
Read MoreTwo private banks, Ayeyarwady Bank (AYA Bank) in Myanmar and Thailand’s Siam Commercial Bank (SCB) have signed a memorandum of understanding (MOU) to collaborate in the development of cross border payments and fund transfer services between the two countries. This cements an October 2019 agreement between the Central Bank of Myanmar and the Bank of […]
Read MoreINDONESIA’s Bank BRI will offer two trillion rupiah (S$194.1 million) of working capital loans through peer-to-peer lending platform Investree, a large portion of which will be allocated for entrepreneurs in the creative sector. The loans will be offered via invoice financing, where the borrower’s accounts receivable form the basis of each loan. Investree will conduct […]
Read MoreCambodian ports saw solid growth in both container and tonnage traffic in 2019, as the Government expanded the port’s capacity for increasing imports and exports. The number of containers handled in the Sihanoukville Autonomous Port (SAP) the country’s only deep-sea port. Increased by 17 percent, to 633,099 TEUs (20-foot equivalent units) from 2018 to 2019, […]
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Thailand
