Siam Commercial Bank (SCB) is planning new business strategies under what it calls the three generations of financial services, in preparation for a changing banking landscape in the post-Covid era. SCB, Thailand’s oldest bank and fourth largest lender by total assets, strengthened its infrastructure base in all areas because of the pandemic. The bank aims […]
Read MoreInflation in Indonesia edges higher in May but still not a concern for policymakers 10 months below target Inflation picked up slightly to 1.7% YoY in Indonesia with core inflation also accelerating. May featured a holiday and commodity prices rose. Inflation quickened across nine of the eleven categories in the CPI basket, with core inflation settling at […]
Read MoreThai consumers are worried about the uncertain economic situation caused by the third Covid-19 wave, but despite a steady decrease in overall spending, they seem to be willing to pay for food and goods such as smartphones that can be used to make money, according to a survey by Hakuhodo Institute of Life and Living […]
Read MoreThe value of foreign direct investment (FDI) into the Kingdom registered a slight fall in 2020 amid a much sharper contraction among non-banking sectors and uncertainty over the evolution of the Covid-19 pandemic, but inflows into the financial sector remained strong. Total FDI inflows – mainly to the financial, construction and real estate, and manufacturing […]
Read MoreJAKARTA — As Indonesia considers tax increases to cover stimulus spending sparked by the pandemic, the country’s business community warns that higher levies could dampen a nascent economic recovery after four straight quarters of contraction. The Finance Ministry contemplates two options for a hike in the value-added tax: raising the current across-the-board rate, or enacting separate rates for different categories […]
Read MoreThanaleng Dry Port (TDP) and Vientiane Logistics Park (VLP) – two mega infrastructure projects – are set to significantly bolster the Lao government’s efforts to transform Laos into a logistics link and land-linked country within the region and beyond. The TDP is a dry port of international importance, approved by the UNESCAP through Resolution No […]
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Thailand
