With Cambodia repeatedly being perceived as the most corrupt nation in Asean by Transparency International, the organisation held a workshop yesterday urging businesses to adopt more transparent operations to avoid legal battles and negative press that could hamper profits, especially as the Kingdom becomes greater connected to global supply chains. Reach Ra, undersecretary of state […]
Read MoreA review of Asian Development Bank and World Bank support for Laos in the form of 28 loans and grants and 10 technical assistance projects took place in Vientiane yesterday. Assistance from the Asian Development Bank (ADB) amounted to US$760 million while the World Bank (WB) was involved in 18 projects with a value of […]
Read MoreThe national government’s outstanding debt rose to P6.5 trillion as of the end of October, nearly P60 billion more than the previous month, following the peso’s continued depreciation against the dollar. Domestic borrowings accounted for the bulk or P4.22 trillion with the remaining P2.28 trillion owed to foreign creditors, the Bureau of the Treasury reported […]
Read MoreThe Central Bank of Myanmar (CBM) has released a slew of new rules aimed at managing local banks’ exposure to non-performing loans as risks rise in the financial sector. According to a November CBM directive, banks must convert all their outstanding overdrafts as at July 7, 2017, into term loans with a maximum maturity of […]
Read MoreThe Bank of Thailand has painted a rosy picture of the country’s economy, saying it is quite possible for fourth-quarter growth to exceed the 4.3% registered in the third quarter, adding full-year growth of 4% is obtainable if exports continue to rise at a double-digit pace. “It is not hard for the economy to grow […]
Read MoreKUALA LUMPUR: Malaysia, Thailand and Indonesia have agreed to implement the fifth Agreed Export Tonnage Scheme (AETS) beginning tomorrow (Friday). In a statement, the International Tripartite Rubber Council (ITRC) said under the scheme, the three ITRC member countries would restrict exports of natural rubber (NR) for a specific time frame, with the objective of addressing […]
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