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Vietnam sets sight on becoming high-income country by 2045: State president

The Hanoitimes – It is essential to make a breakthrough in institutional reform to better mobilize resources for development and prevent splurge and corruption in state resources management. By 2045, when Vietnam celebrates the 100th anniversary of the Independence Day, the country is expected to become a developed and high-income country, according to Party General Secretary and […]

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Thailand: BoT adds debt restructure option

The Bank of Thailand is allowing unsecured loan borrowers to use collateral stemming from mortgage loans for debt restructuring through debt consolidation, with lower interest rates charged. The central bank has introduced an optional debt relief measure for consumer finance products as a debt consolidation method. Borrowers who have good debt-servicing ability for housing loans […]

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Cambodia: Big drop in rice exports

Cambodia’s rice exports to international markets in August dropped drastically to 22,130 tonnes, according to the National Phytosanitary database of the Ministry of Agriculture, Forestry and Fisheries. Compared with August last year, they fell nearly 35 percent from 34, 032 tonnes. However, in total Cambodia’s rice exports increased in the first eight months of the […]

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Businesses welcome ‘Singaporeans first’ call by MPs but hope policies, public rhetoric don’t go overboard

SINGAPORE, Sept 2 — Several business owners interviewed yesterday supported the call made by several Members of Parliament (MPs) over the past two days to put Singaporeans first when hiring. However, they told TODAY they hoped that policy moves and public rhetoric do not swing to the extreme — an outcome that a few other private sector […]

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