Bualuang Ventures, the venture capital company of Bangkok Bank (BBL), is mainly focused on investing in local small and medium enterprises (SMEs) unlike its banking peers, who are focused on financial technology (fintech) firms. More than a half of the venture fund firm’s capital is expected to be allocated for investment in SMEs, said Panukorn […]
Read MoreThailand’s economy in the first quarter is expected to have fared better than the 3% growth in the previous quarter, boosted by rising exports, recovering farm prices, improving private consumption and tourism as well as accelerated spending by state agencies and enterprises, says the government’s planning unit. Porametee Vimolsiri, the secretary-general of the National Economic […]
Read MoreTEMPO.CO, Jakarta – The Central Statistics Agency or BPS reported January to March 2017 trade surplus was at USD 3.92 billion; the highest figure since 2015. Export value in March 2017 was recorded at US$14.59 billion or a 15.68 increase compared to the previous month and a 23.55 percent increase compared to March 2016. Meanwhile, […]
Read MoreA newly-amended Investment Promotion Law has recently been promulgated, offering a variety of incentives to attract investment in both promoted sectors and hardship areas. Businesses investing and operating in hardship communities (known as Area I),where infrastructure has not yet been developed, will enjoy favourable profit tax exemptions over 10 years according to the amended law, […]
Read MoreTEMPO.CO, Jakarta – Bank Indonesia predicts inflation rate to increase in July 2017. Price volatility due to Eid al-Fitr holiday and high administered prices can cause inflation. The Central Statistics Agency noted that as of March 2017 the inflation rate of the calendar year stands at 1.19 percent and the annual inflation rate stands at 3.61 […]
Read MoreWhat a difference a year makes. In the same hot summer last year, Myanmar was the rosy-cheeked debutante of the democratic world after the National League for Democracy (NLD) won a landslide victory in the 2015 election, paving the way for the first civilian-led government in 54 years. Foreign investors were rushing in, lured by […]
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