PETALING JAYA: The Malaysian financial markets continue to function efficiently with ample liquidity despite recent developments in the country, said the Bank Negara financial markets committee. In a statement yesterday, the financial markets committee said the foreign exchange (FX) transaction volume remains healthy at US$14.6bil, supported by two-way flows while the US dollar (USD) to […]
Read MorePrime Minister Hun Sen says he wants the nation to have many trade agreements with different partners to diversify its economic partners and attract more foreign direct investment. “We are keen to have trade agreements with difference partners,” Mr Hun Sen said during a news conference, noting that the Kingdom is now pushing to sign […]
Read MoreTHE Philippine economy could be tested by a cooling property market, which would weigh on banks’ loan portfolios, an international economic watcher has warned. As such, financial surveillance must be tightened, especially on large conglomerates, the Asean+3 Macroeconomic Research Office (AMRO) suggested in a report on Tuesday. But, despite the challenges to the Philippines’ growth, […]
Read MoreRide-hailing giants, Gojek and Grab, are in talks about a possible merger, a report said, citing sources. The report, as quoted by Tech in Asia, also stated that the start-ups were still discussing their respective valuations and post-merger shareholdings. Singapore-based Grab has told some of its investors that Gojek expects a 50-50 share while Grab wants overall […]
Read MoreThe atmosphere at NaRaYa, a popular bag retailer at Ratchaprasong intersection, has completely changed during the past several months. Long queues of customers and busy cashiers are sights not seen at the flagship store since the coronavirus outbreak. A similar fate has befallen Big C Supercenter’s Ratchadamri branch, whose Thai souvenir zone on the ground […]
Read MoreLONDON: Britain’s biggest retailer Tesco, which is reviewing its operations in Malaysia and Thailand, has completed its exit from China with the 275 million pound (US$357 million) sale of its joint venture stake to state-run partner China Resources Holdings (CRH). Having struggled to crack the Chinese market, Tesco established the Gain Land venture with CRH […]
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Thailand
