The prospect for bank mergers and acquisitions in Vietnam is accelerating, notably the purchase of struggling credit institutions for the sake of reorganisation. HDBank’s Board of Directors last week published a document to collect written opinions from shareholders on participating in a credit institution restructuring programme. Specifically, HDBank would contribute up to $391.3 million to […]
Read MoreKUALA LUMPUR: The Covid-19 pandemic has set back the fight against poverty in Asia and the Pacific by at least two years, and many people in the region will likely find it harder than before to escape poverty, according to the Asian Development Bank (ADB), Bernama reported. In its key Indicators for Asia and Pacific […]
Read MoreThailand expects 4.5 million foreign tourists will have visited by the end of August this year as entry rules were eased to support the vital tourism sector, government spokesperson Anucha Burapachaisri said on Thursday. Between Jan 1 and Aug 16, there were 4.02 million foreign tourists, led by visitors from Malaysia, India, Laos, Singapore and the […]
Read MoreThe development of National Road 67 (NR67), connecting Cambodia and Thailand, is expected to enhance the trade, tourism and investment ties between the neighbouring countries. According to reports, the Cambodian and Thailand governments agreed to develop the NR67, linking Cambodia’s Anlong Veng in Oddar Meanchey and Chong Sa-Ngam in Sisaket’s Phu Sing district of Thailand. […]
Read MoreTHE Malaysia External Trade Development Corp. (Matrade), together with the Ministry of Entrepreneur Development and Cooperatives and the Small, Medium, Enterprise Development Bank, is eyeing business partnerships and opportunities in the Philippines. “Our purpose here is to renew our friendship with the Philippines and continue our partnership as we help each other’s economy grow more coming out of the pandemic,” Abu Bakar […]
Read MoreThe Bank of Thailand plans to maintain a gradual approach to normalising monetary policy throughout this year, according to its chief. The central bank’s key objective is to contain inflation, even amid an uneven economic recovery, as the inflation rate is expected to remain high this year, Bank of Thailand governor Sethaput Suthiwartnarueput said at the […]
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