Siam Commercial Bank (SCB) plans to open its first branch in Myanmar this year if the Central Bank of Myanmar (CBM) grants a bank subsidiary licence, says a SCB senior official. If approved, SCB will upgrade the existing representative office to a branch, said first executive vice-president Kamalkant Agarwal. The bank needs time to develop […]
Read MoreJAKARTA: The Indonesian government will soon announce a second policy package aimed at reducing trade barriers as supply chains have been disrupted by the spread of the new coronavirus, a senior official said on Tuesday. The measures would follow the government’s unveiling of a 10.3 trillion rupiah ($720 million) stimulus package last week to support […]
Read MoreShoppers in Greater Bangkok are quickly emptying supermarket shelves of long-lasting items like instant noodles, packed rice, tissue paper, tinned fish and drinking water as fears mount over the coronavirus epidemic. Large retail operators including Tops Supermarket, Tesco Lotus, The Mall Group and Big C Supercenter acknowledged that these items have been snapped up quickly […]
Read MorePETALING JAYA: Malaysia’s imports and exports are expected to have contracted by 6.6% and 5.1% respectively in January, resulting in a RM12.bil trade surplus for the month, said RAM Ratings. The rating agency said that this was largely due to seasonally subdued regional industrial activity during the lunar new year festivities. It said this was […]
Read MoreMANILA, Philippines — A wider fiscal deficit incurred by the country in 2019 will not hurt the country’s credit rating as it provided stimulus that propelled economic growth last year, according to the Department of Finance (DOF). In a report, Finance Undersecretary and chief economist Gil Beltran said that the 3.5 percent deficit-to-gross domestic product […]
Read MoreCorn traders will be collaborating to set up collection centres in Myawaddy, Kayin State, near the Thai border to facilitate exports of the crop, say industry officials. The collection centres, expected to be up and running within the next few months, are expected to help boost sales of corn to Thailand, said U Min Khine, […]
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