Thailand’s economy may grow 2.8% this year but that is still not satisfactory, while fiscal measures will continue to support economic recovery as tourism remains weak, the finance minister said on Wednesday. The economy, which is heavily reliant on tourism and exports, contracted 6.1% last year, its deepest slump in over two decades as the […]
Read MoreIn its “Avoiding Atlantis” report, Hong Kong nonprofit initiative China Water Risk (CWR) is calling for “bankers to be heroes” as rising sea levels threaten trade in the Asia-Pacific (APAC) region. “Besides Beijing, Kuala Lumpur, Vientiane and Phnom Penh, all other APAC capitals are coastal, as are other economic hubs… The region is heavily reliant […]
Read MoreThe long process of project approval from competent government agencies and the serious impact of COVID-19 have helped mergers and acquisitions in real estate sector become more active. A recent report released by VNDirect Securities Corporation stated that mergers and acquisitions (M&A) deals, especially in transferring part of large-scale real estate projects, were considered one […]
Read MoreSINGAPORE: Singapore’s central bank has told financial firms to be vigilant to any suspicious transactions or fund flows between the city-state and Myanmar, a circular seen by Reuters showed, citing concerns over the potential for financial crimes. In the Feb 25th circular, the Monetary Authority of Singapore (MAS) reminded all chief executives of financial institutions […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) plans to extend temporary regulatory relief measures to convince banks to offload soured loans even at substantial discount to ensure a sound and safe financial system amid the global health crisis. In a draft memorandum, the central bank said the proposed measures would encourage BSP-supervised financial […]
Read MoreThe annual Songkran festival will be allowed to go ahead next month to stimulate tourism and the economy, but celebrations must comply with disease control measures, triggering some health concerns from a senior physician. Prime Minister Prayut Chan-o-cha on Wednesday signalled further easing of travel restrictions to stimulate the economy, saying the Songkran festival could […]
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