Fitch announced the downgrade on its website yesterday, saying that Laos’ Long-Term Foreign-Currency Issuer Default Rating (IDR) had moved downward from ‘CCC’ to ‘CCC-.’ According to Fitch, the downgrade of Laos’ Long-Term Foreign-Currency IDR reflects a further rise in external liquidity risks, driven most recently by the spike in commodity prices and tightening global financing conditions. Laos’ […]
Read MoreKasikornbank (KBank) is pressing ahead with plans to become a regional digital bank, with an expansion drive in Vietnam. Aiming to invest more than 2.7 billion baht to fortify its service network within AEC+3 (Asean plus Japan, China, and South Korea), KBank has announced its commitment to broaden its presence in the Vietnamese market in […]
Read MoreDespite fully reopening in July, the employment rate in the hotel sector stands at just 71% of the pre-pandemic level with 68% of hotels hit by a labour shortage, according to the Thai Hotels Association (THA). Marisa Sukosol Nunbhakdi, THA president, said 67% of hotels had to keep their wage rates static as revenue in […]
Read MoreMANILA, Philippines — The Philippines aims to sign a free trade agreement (FTA) with South Korea in November, according to Trade Secretary Alfredo Pascual. “The feedback I got from the team that is working on this is that the target is in November this year,”Pascual told reporters when asked for an update on the FTA. […]
Read MoreA Chinese-aided study on the intermodal transport master plan has been completed and the report was handed to the Cambodian government as the Kingdom prepares the comprehensive Intermodal Transport master plan for 2022-2030. The report was presented in a ceremony on Wednesday in the presence of Ros Seilava, member of the Supreme National Economic Council, […]
Read MoreVietnam’s rice remains favorite in the international market despite fierce competition. Vietnam exported nearly 4.2 million tons of rice during the first seven months of 2022, representing an increase of over 20% year-on-year, according to the Ministry of Agricultural and Rural Development (MARD). “Despite fierce competition, Vietnamese rice products continue to be among the favorites […]
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Thailand
