Nok Air finished debt negotiations with 50% of creditors in the buildup to the rehabilitation process while its biggest shareholders want to acquire stakes of competitors to control the aviation market. “We will likely submit the rehabilitation plan to the Central Bankruptcy Court on March 15 as planned. But we also have to learn from […]
Read MoreMANILA, Philippines — The domestic banking sector managed to post a 6.9 percent growth in total assets despite the uncertainties brought about by the pandemic, according to the Bangko Sentral ng Pilipinas (BSP). Total resources of Philippine banks hit a record high of P20 trillion last year, P1.29 trillion higher than the P18.71 trillion recorded […]
Read MoreAfter buying Duy Tan Plastic Corp, Thailand’s Siam Cement Group (SCG) is cementing its domination of Vietnam’s plastic production industry. Under the contract signed on February 9 via a virtual conference, Duy Tan will sell 70 per cent of its shares in five of total twenty-two subsidiary companies, including Duy Tan Plastic Manufacturing Corp and […]
Read MoreThe Hanoitimes – This year will be a good opportunity for Vietnam’s wellness tourism market, especially the country is emerging as a safe destination for pandemic control. Islands, beach cities and famous tourist cities are expected to come on top of mind of Vietnamese travelers in 2021 as Covid-19 is being rolled back. Vietnamese tourists often […]
Read MoreMANILA, Philippines — The government awarded in full the short-term debt papers offered yesterday even as rates continued to rise across the board on concerns over rising inflation and weakening demand. In yesterday’s T-bill auction, the Bureau of the Treasury raised P20 billion from total tenders worth P41 billion, making the initial offer twice oversubscribed. […]
Read MoreThe government of Japan has announced the extension of its official development (ODA) assistance grant to Cambodia. The extension, in the amount of $10.8 million, is earmarked for the project developing a vessel traffic system for Sihanoukville Port. The signing of the ODA grant was made separately from an exchange of notes conducted virtually between […]
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Thailand
