MANILA, Philippines — Six Philippine banks have enabled coal projects by either underwriting or selling bonds meant to finance these developments, a move that goes against some of their commitments to stop coal funding, according to a new report. “Banks have not quit coal despite their coal divestment policies,” energy advocacy and bank watchdog group Withdraw from […]
Read MoreSINGAPORE (REUTERS, BLOOMBERG) – Singapore-listed Thai Beverage said on Thursday (May 5) that it would look to sell a 20 per cent stake in its regional beer business on the main board of the Singapore Exchange, more than a year after it postponed the plan for a second time due to pandemic-led uncertainty. The spin-off of BeerCo […]
Read MorePETALING JAYA: Malaysia is well positioned to weather the spike in inflation globally with the efforts by the government in terms of providing subsidies as well as having a ceiling price for some consumer goods. Sunway University professor of economics Yeah Kim Leng said the escalation of prices especially commodities is affecting countries around the […]
Read MoreWhile Cambodia has reopened the country, the government has built up herd immunity in communities leading to a smooth economy, but the Russia-Ukraine war has resulted in economic and trade consequences, which would affect the Cambodian economy, says GDCE director-general Kun Nhim Cambodia collected $819 million in customs taxes in the first four months of […]
Read MoreThe banking sector will continue providing support for its customers affected by the pandemic, including ongoing efforts to restructure debt payments and waive and cut interest rates. Credit institutions in Hanoi have so far waived and lowered lending interest rates for 316,000 customers with a total outstanding loan of VND521 trillion (US$22.7 billion), according to […]
Read MoreThe baht opened at 34.04 to the US dollar on Thursday, surging back from its previous close of 34.53. The currency is expected to move in a range between 33.95 and 34.15 on Thursday, predicted Krungthai Bank market strategist Poon Panichpibool. Poon said the factors that would cause the baht to weaken are decreasing because […]
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Thailand
