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Myanmar GDP growth expected to contract 18%

Myanmar’s economy is expected to shrink by 18% in 2021, the World Bank said on Monday, as a result of massive unrest following a military coup and a resurgent coronavirus outbreak. The country has been in turmoil since the military took power in February and launched a bloody crackdown on dissent that has killed more […]

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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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