Most Thai listed companies will experience limited impact from the Central Bank of Myanmar’s order to temporarily prohibit companies and retail borrowers from repaying foreign loans to sustain the country’s foreign exchange reserves as most Thai companies operating in Myanmar do not have debts in foreign currency. However, analysts at Asia Plus Securities (ASPS) said […]
Read MoreThe State Bank of Vietnam (SBV) has issued a written document allowing the Military Commercial Joint Stock Bank (MB) to establish a 100 percent-owned bank in Cambodia on the ground of its branch in Phnom Penh. Accordingly, MB Cambodia Bank, Public limited Company (MBCambodia) is headquartered at No 146, Preah Norodom Avenue, Tonle Basak ward, […]
Read MoreDespite tourism’s gradual recovery around the world, inflation and labour shortages remain big challenges for the hospitality industry, according to IHG Hotels & Resorts. Rajit Sukumaran, IHG’s managing director for Southeast Asia and Korea, said global inflation requires monitoring because it affects both operational costs and consumer expenditure. Thailand’s labour shortage might be less severe […]
Read MoreKeeping electricity rates unchanged amid petroleum price hikes is part of Vietnam’s efforts to curb inflation and stabilize macroeconomics. Electricity prices in Vietnam will not be raised any time soon despite higher input costs, a government official has said. Nonetheless, it’s necessary to consider relating factors to keep the prices unchanged, Deputy Prime Minister Le […]
Read MoreCambodia exported 327,000 tonnes of milled rice in the first semester this year, an increase of 16 percent compared to the same period last year, earning the country $279 million, according to a report by the Cambodia Rice Federation (CRF). China remained the Kingdom’s biggest export market for the milled rice export during the period, […]
Read MoreMANILA, Philippines — With the country’s second quarter economic performance expected to disappoint, the Bangko Sentral ng Pilipinas (BSP) is likely to be done with rate hikes following last week’s off-cycle rate increase, according to United Kingdom-based think tank Pantheon Macroeconomics. Miguel Chanco, chief emerging Asia economist at Pantheon Macroeconomics, said the BSP’s recent 75-basis […]
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