The Bank of Thailand is requiring commercial banks to run a new round of stress tests that takes the pandemic’s impact into account and report the results next month, while strengthening capital buffers will be discussed in case the outcome shows capital adequacy ratios (CAR) are below 11.5%. Given the preemptive measure, banks needs to […]
Read MoreThe Myanmar economy is expected to grow at just 1.8 percent in 2020, according to updated forecasts by the Asian Development Bank (ADB), released June 18. In its initial forecast in April, the ADB had expected GDP growth in Myanmar to be 4.2pc. The country expanded at 6.8pc in 2019. The ADB revised its forecasts […]
Read MoreMANILA, Philippines — Local farmers are calling for a revamp of the country’s rice import system following the undervaluation and misdeclaration of rice shipments worth nearly P1 billion from January to April. The Federation of Free Farmers (FFF) is demanding a thorough review and overhaul of the Bureau of Customs (BOC)’s system for handling rice […]
Read MorePrime Minister Hun Sen confirmed yesterday that the current Phnom Penh International Airport will be used only for the head of state, heads of local governments and Cambodian senior leaders, as a military airbase, for domestic flights, private jets and for diplomatic officials and foreign leaders. The new international airport will employ 20,000 workers a […]
Read MoreSINGAPORE – New rules are being introduced to ensure employment agencies recruiting candidates on behalf of employers consider Singaporeans fairly for vacancies. The agencies will need to fulfil this and other new conditions to be licensed by the Ministry of Manpower (MOM) from Oct 1 onwards, said the ministry in a statement on Monday (June […]
Read MoreThe Hanoitimes – This facility will be used to develop new mobile technologies and provide testing services for Vietnamese partners like VinSmart, BKAV and Viettel. Qualcomm has established a research and development (R&D) center in Hanoi, the first of its kind in Southeast Asia, for developing wireless technologies (4G, 5G) and Internet of Things (IoT). This […]
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