Mortgage loan rejection rates in May and June subsided to pre-pandemic levels as homebuyers made decisions reflecting confidence in their income, says SET-listed developer Supalai. Managing director Tritecha Tangmatitham said the bank rejection rate for the company was 13% in May and June, down from 20% in March and April. “Customers who walk to project […]
Read MoreYoma Strategic on Wednesday (June 24) said it would acquire a controlling stake in Wave Money, one of Myanmar’s leading mobile payment companies, for US$76.5 million. Under the deal, Norwegian Telenor Group will sell its existing 51 percent stakes to Yoma MFS Holdings (Wave Holdco), a company established with $25 million capital from Singapore-listed Yoma […]
Read MoreChair of the Vietnam Retail Association (VRA) Vu Thi Hau, at a recently held event, complained about the suffering borne by Vietnamese retailers. They have had to commit to the government to sell goods at stable prices, but are not included in the government’s support packages even though they have to pay very high rent […]
Read MoreKent International, a large US-based bicycle manufacturer, yesterday said its bicycle factory in Cambodia is on hold now, after spending roughly $10 million on a land purchase in Phnom Penh. The company’s factory occupies about 37,000 square metres and is a joint investment with Shanghai General Sports. It is located about 16 kilometres from downtown […]
Read MoreExport-Import Bank of Thailand says insurance claims soared 226% and foreign buyers’ delayed payment amount surged 195% in the first five months of 2020, signalling rising default risk in international trade. Exim Thailand’s export insurance clients filed documents on foreign buyers’ delayed payments for a total overdue amount of 617 million baht in the January-May […]
Read MoreKUALA LUMPUR: Middle-powers like the European Union (EU) and Asean should heed the lessons learned from Covid-19 about the importance of continued relevance of global openness and free trade, says the CIMB Asean Research Institute (CARI). CARI chairman Tan Sri Munir Majid noted such points to be particularly pertinent as countries struggle to return to […]
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Thailand
