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Cambodia: Banks spreading their wings

Wing   (Cambodia) Ltd Specialised Bank and Canadia Bank Plc inked a partnership to drive financial inclusion and provide every Cambodian easy access to cash. Both banks are working together to fill in the Kingdom’s gap in financial services and to explore new opportunities to ensure that every Cambodian enjoys convenience and security when it comes […]

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Thailand: Malls want CLMV traffic

Mall operators Siam Piwat and The Mall Group are urging the government to allow resumption of flights from CLMV (Cambodia, Laos, Myanmar, Vietnam) nations in an effort to reboot the retail business. Mayuree Chaipromprasit, senior executive vice-president for marketing at Siam Piwat, said the company would like to ask the government to permit foreign tourists […]

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Yoma to buy controlling stake in Myanmar e-payment firm Wave Money

SINGAPORE (THE BUSINESS TIMES) – Yoma Strategic on Wednesday (June 24) proposed to increase its existing shareholding and take a controlling interest in mobile payments firm Digital Money Myanmar (Wave Money) via a US$76.5 million (S$106.2 million) deal. The Myanmar-focused, mainboard-listed company intends to first restructure the holding of its interest in Wave Money, by […]

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Indonesia seeks to attract firms departing China

The government has established a special task force to attract businesses leaving China and facilitate their relocation to Indonesia. American, Japanese and South Korean companies are reportedly in discussions with the Investment Coordinating Board (BKPM) over their potential relocation to the Batang and Brebes industrial districts in Central Java, which are currently under development. According […]

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