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Thai banks debut new overnight repo rate THOR

Thailand has started using a new overnight repurchase rate (THOR) after a transaction between Kasikornbank and CIMB Thai Bank, the central bank said on Tuesday. The overnight indexed swap, conducted on Monday, marked a positive start for creating liquidity for market participants in using the THOR reference rate, Assistant Governor Vachira Arromdee said in a […]

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Vietnamese beer industry: market slowly recovers

Domestic beer consumption in the second half of the year is expected to improve over the first six months, while next year the beer industry can… Despite progress, beer consumption volume is unlikely to reach the figures recorded before the Covid-19 pandemic, according to SSI Research. “We believe that beer consumption volume may take several years to […]

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7-Eleven Convenience Stores to Enter Laos By 2022

7-Eleven has signed a master franchise agreement with CP ALL Laos, a subsidiary of Thailand’s CP ALL Public Company, to operate 7-Eleven stores within Laos. The first 7-Eleven convenience store is expected to open in Vientiane Capital in 2022. CP ALL has held the licensing agreement for the 7-Eleven brand in its home country of Thailand […]

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Thailand: EEC officials pitch high-tech training

Authorities are planning to sharpen the skills of 8,500 potential workers next year to serve 12 targeted S-curve industries in the Eastern Economic Corridor (EEC) that are short on highly skilled labour in advanced technology. Thailand is struggling with a labour shortage as it adapts to digital disruptions, with the country unable to supply workers […]

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Cambodia: Good news for oil and gas exploration

More positive news has come for Cambodia’s nascent and struggling oil and gas exploration endeavours. PetroVietnam Drilling & Well Service Corp (PV Drilling)’s rig PV Drilling III will implement its contract to drill five new wells for Kris Energy in the Kingdom’s waters for three months, starting in October, vietnamplus.vn reports. Cambodia’s oil and gas […]

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