Bank of Ayudhya Plc said on Wednesday that it will acquire SHB Finance in Vietnam from Saigon-Hanoi Commercial Joint Stock Bank for 5.1 billion baht. “We are very pleased to announce that we have signed agreements with SHB to acquire a 100% stake in SHB Finance, SHB’s consumer finance subsidiary,” Bank of Ayudhya President Seiichiro […]
Read MoreThe Council for the Development of Cambodia (CDC) has approved seven new projects representing a total investment of $63.5 million. Ethan Metal Manufacture Co Ltd will be opening a processing plant for aluminium, iron and copper to be located in Kandal province. Soma Energy Co Ltd will open a five megaWatt (mW) solar power station […]
Read MoreKUALA LUMPUR, Aug 26 — The ringgit has extended its winning streak for the fourth consecutive day today, spurred by better risk appetite for risky assets and emerging currencies, underpinned by the positive market sentiment, dealers said. At 9am, the local note stood at 4.1950/2000 versus the greenback, compared with Wednesday’s close of 4.2010/2055. A dealer said the easing worries over the imminent tapering of […]
Read MoreMore than 60,000 factories are hit by a spike in costs due to the government’s Covid-19 prevention measures that have been enforced in provinces with a high infection rate, Wisit Limleucha, vice president of the Federation of Thai Industries (FTI), said on Wednesday. The government has stipulated that factories in “dark red” provinces, having more […]
Read MoreMANILA, Philippines — The balance of payments (BOP) returned to a surplus in July, ending two straight months in deficit, as the national government borrowed more from abroad to augment its COVID-19 war chest. Data from the Bangko Sentral ng Pilipinas (BSP) showed the $642-million surplus last month was a reversal of the $312-million shortfall […]
Read MoreThe baht opened at 32.71 to the US dollar on Thursday, unchanged from Wednesday’s closing rate. The Thai currency is likely to move between 32.60 and 32.80 during the day, Krungthai Bank market strategist Poon Panichpibool said. Poon expected the baht to strengthen in the short term amid hopes of an economic recovery. The government […]
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Thailand
