Kasikornbank (KBank) looks set to use digital banking to make inroads into the regional retail market, tapping higher-yield business. With digital technology, costs for individual customer acquisition have declined significantly, meaning regional retail banking contributes better yields than regional wholesale banking, said co-president Pipit Aneknithi. “We plan to offer a full range of retail digital […]
Read MoreKUALA LUMPUR: The ringgit headed south again at the opening as the death toll from Novel Coronavirus (2019-nCoV) hits 361, further raising worries that the global’s growth could take a big hit from the viral epidemic. At 9 am, the ringgit stood at 4.1020/2050 against the greenback from 4.0960/1000 at Friday’s close. AxiCorp’s chief market […]
Read MoreThe Hanoitimes – In Vietnam, demand for medical face masks and hand sanitizers has increased sharply on fears of potential outbreak of the new coronavirus (nCoV). Due to a surge in demand for medical face masks, China is seeking to import the product from Vietnam, according to Le Thanh Cong, deputy head of the Department of […]
Read MoreThe slowing world economy, widespread domestic drought and the deadly virus outbreak have prompted the private sector to lower the export forecast to a 1.8% contraction this year. Sanan Angubolkul, vice-chairman of Thai Chamber of Commerce, said representatives from many trade associations were consulted before the forecast of US$242 billion for export value was decided. […]
Read MoreThe authorities will suspend issuing car import permits to senior government officials, U Zaw Htay, spokesperson from the President’s Office, said during a press conference on January 31. “We are reviewing how such an incentive will impact the car market. Private businesses should not be disrupted and price should be stable. The government should not […]
Read MoreThe share of riel in circulation in the Kingdom grew by about 33 per cent year-on-year by last year’s end as deposits in riel increased by 37 per cent, said the National Bank of Cambodia (NBC) 2019 Review and 2020 Outlook report. The report noted a steady rise in demand for the local currency, with […]
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Thailand
