PETALING JAYA: Malaysia’s top three banks would need to maintain higher than normal capital requirements in order to mitigate risks to the overall banking system, said Bank Negara. In introducing a new framework, the central bank has identified MALAYAN BANKING BHD (Maybank), CIMB GROUP HOLDINGS BHD and PUBLIC BANK BHD as those falling into the domestic systemically important banks (D-SIBs). Under […]
Read MoreMondulkiri province has been flagged for transformation into the biggest agro- and eco-tourism destination in Cambodia, according to the Ministry of Economy and Finance. A feasibility study includes upgrading an airport for the capital, Sen Monorom, for domestic and international destinations. Mondulkiri is Cambodia’s biggest and most sparsely populated province, measuring more than 14,000 square […]
Read MoreThe Hanoitimes – The new coronavirus is estimated to shave 0.81 percentage points off Vietnam’s annual GDP growth. Vietnam will be among economies in Asia where the economic contagion of the China coronavirus will be deeply felt, economists at ANZ have said in a note. Region takes a hit from nCoV The spread of coronavirus will […]
Read MoreThe Bank of Thailand yesterday cut its policy rate by 25 basis points to an unprecedented 1% to curb the impact of the novel coronavirus outbreak, the delayed fiscal budget and severe drought conditions. The decision prompted Kasikornbank (KBank) to pass on the cut in full for its minimum retail rate (MRR). Spearheading rate reductions, […]
Read MoreThe Pyidaungsu Hluttaw (Assembly of the Union) has approved the acceptance of a €50 million loan from Poland to be used for a waste-to-energy project in Yangon. The approval of the loan was granted during the sitting of the assembly on January 31, with 534 votes for and 12 against. The project will be implemented […]
Read MoreFrom 2016-2020, Laos expanded electricity capacity to 6,457MW for export markets, which represents an increase of 145 per cent over the previous five-year period. The Ministry of Energy and Mines earned more than 130 billion kip ($14.6 million), up 35 per cent compared to 2011-2015. Minister of Energy and Mines Khammany Inthirath reported the results […]
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