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Bank of Thailand backs top lenders after S&P cuts ratings

The banking system remains resilient with high levels of capital buffer to withstand future risks and uncertainties, the Bank of Thailand said on Tuesday, a day after S&P Global Ratings downgraded the top lenders citing increased systemic risks. The capital adequacy ratio of banking system stands at 20% and lenders have increased provisioning against bad […]

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Laos Issues New Legislation Authorizing Natural Timber Product Exports

The Lao government has issued new legislation authorizing the export of natural wood products. The new regulation is aimed at boosting production and wood processing, as well as providing favorable conditions for natural timber export to foreign countries. According to the new legislation issued yesterday by the Minister of Industry and Commerce, Dr. Khampheng Xaysompheng, natural raw […]

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