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RHB to focus on stockbroking and selective investment banking business in Indonesia

KRHB Banking Group (“RHB” or the “Group”) announced PT RHB Sekuritas Indonesia, a subsidiary of RHB Investment Bank Berhad, has entered into a conditional share purchase agreement (“CSPA”) with Allianz Global Investors Asia Pacific Ltd (“AllianzGI”) and PT Asuransi Allianz Life Indonesia (“Allianz Life Indonesia”). The agreement is for the disposal of its investment management […]

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Thailand: Malls plead to deliver food

A proposal to allow eateries and restaurants in department stores and shopping malls to sell food via online delivery platforms will be presented for approval by the Centre for Covid-19 Situation Administration (CCSA). Deputy government spokeswoman Traisulee Taisaranakul said that the Public Health Ministry had already discussed the matter with the CCSA and will put […]

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Thailand: Tourism to hit all-time low in 2021

Thai tourism this year is likely to be at an all-time low as international arrivals may reach just 1 million, while domestic tourism could plunge to 50-60 million trips if the worsening Covid-19 situation demands lockdown last for up to three months, according to the Tourism Authority of Thailand (TAT). Despite reopening for vaccinated international […]

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