The mining sector in Laos has seen a sharp decline after legislators ordered the suspension of new mining operations in 2016. The mining sector has seen a decrease of 18 percent from 2016 to 2020, according to figures provided by officials from the Ministry of Energy and Mines. The Vientiane Times reports that in the […]
Read MoreThe Hanoitimes – Fitch Ratings believes larger, more established finance companies are better-placed to meet the new requirements while newer, smaller companies that concentrate on cash loans may find it harder to shift their business models. Vietnam’s new regulatory limits on unsecured consumer-finance personal loans will pressure the business models of more-exposed companies over the next […]
Read MoreBANGKOK: Britain’s largest supermarket chain Tesco Plc is inviting Thai tycoons to the second round of bidding for its operations in Thailand and Malaysia that could fetch more than US$7bil (RM28.85bil), according to sources. Thai billionaire Dhanin Chearavanont’s Charoen Pokphand Group and Central Group, controlled by the Chirathivat family, were picked to proceed with deadline […]
Read MoreTwo state-backed banks — Government Savings Bank (GSB) and GH Bank — and Siam Commercial Bank (SCB) have hopped on the rate-cutting bandwagon by trimming their lending rates, effective from Friday. GSB is passing on in full the central bank’s 25-basis-point reduction for the minimum retail rate (MRR) and minimum overdraft rate (MOR), said Chatchai […]
Read MorePreah Sihanouk province will soon become a multi-purpose special economic zone and potentially the industrial hub of Cambodia, according to a senior official from the Ministry of Economy and Finance. Speaking at the Public Forum on Macroeconomic Management and Budget Law 2020, Vongsey Vissoth, permanent secretary of state of the Ministry of Economy and Finance, […]
Read MoreThe government’s economic growth target in 2020 is unrealistic given last year’s sluggish economic expansion and looming risks from the coronavirus outbreak, economists have said. Institute for Development of Economics and Finance (Indef) economist Abdul Manan Pulungan said the global uncertainty that hampered global growth last year would continue this year, adding that there was […]
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