Vietnam’s equity market may witness big merger and acquisition (M&A) deals in 2021 as local banks are trying to lure foreign capital on the country’s participation in international trade deals. Vietnamese banks, especially small-cap ones, are targeting more foreign capital to improve their performances, financial expert Huynh Trung Minh said. However, the global markets have […]
Read MoreThai exports saw a wider contraction in October, with the rate dropping by 6.71% from the same month of last year after the registering a drop of 3.9% year-on-year in September. The Commerce Ministry reported on Monday the country’s customs-cleared exports fetched US$19.38 billion in October, with imports shrinking 14.32% to $17.33 billion, resulting in a […]
Read MoreSINGAPORE: Singapore said its economy will probably expand 4% to 6% next year amid a global recovery from the worst of the coronavirus pandemic and as travel restrictions and local safety measures are eased. The city-state also narrowed its forecast for this year’s contraction, the Trade and Industry Ministry (MTI) said in a statement, highlighting […]
Read MoreIndonesia’s economy is expected to return to growth in 2021 after facing a recession this year, economists say, but unemployment and poverty may rise further as economic activity will remain sluggish. Indonesia’s gross domestic product (GDP) may grow 3 percent next year, driven by a gradual improvement in household spending and loan growth as well […]
Read MoreMANILA, Philippines — Investments approved by the Philippine Economic Zone Authority (PEZA) may exceed P100 billion this year with expected investments from both new and existing investors. “We might exceed more than P100 billion this year with all the positive responses of our present investors, future investors as well as incoming investors,” PEZA director general […]
Read MoreBangkok Bank (BBL) plans to increase its customer base in the upper-income segment for credit card loans next year to beef up risk management against rising bad loans and swelling household debt. The bank aims to shift its focus to new credit card applicants with a monthly income of 25,000-30,000 baht next year, up from […]
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Thailand
