Myanmar has permitted the business of reinsurance and three new categories of general insurance in the country under two new directives – (4/2020) and (6/2020) – issued by the Insurance Business Regulatory Board (IBRB) on May 12. The three new categories are: Industrial All Risk, Construction All Risk/ Erection All Risk, and Bailee’s Liability Insurance. […]
Read MoreThe Hanoitimes – Fitch expected the central bank to further cut the benchmark rates, which would take the refinancing rate to 4.0% and the discount rate to 2.5%. In light of a weak economic outlook, there remains scope for further monetary easing both in benchmark rate cuts and other macroprudential measures, according to Fitch Solutions, a […]
Read MoreMANILA, Philippines — Over-the-counter banking will be among the casualties of the coronavirus disease 2019 (COVID-19) in the Philippines. A decline of up to 50% in branch-based operations can be expected in the wake of this pandemic. The effects of the nation’s collective trauma from this experience will persist long after the last patient recovers and […]
Read MoreCambodian government is seeking support from Russia to push the Cambodia- Eurasian Economic Union (EAEU) free-trade agreement in order to expand trade volume and economic cooperation between Cambodia and the bloc. The call was made during a meeting between Cambodia Ministry of Commerce’s Secretary of State Tek Reth Kamrong and Dmitry Tsvetkov, Russian ambassador to […]
Read MoreThe Tourism and Sports Ministry is aiming high for 100 million domestic trips within this year, while the private sector plays down this target, saying it will be difficult to meet. “This new domestic target is reachable because local travel is likely to resume first, particularly for government meetings and incentives, which the cabinet has […]
Read MoreThe National Broadcasting and Telecommunications Commission’s (NBTC) board approved on Wednesday the sequencing of 17 new digital TV channels for education run by the Education Ministry, comprising channels No.37-53. These channels are projected to begin broadcasting on a temporary basis from July 1. Airing will end in six months. They are to serve as alternatives […]
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Thailand
