This year, changes of hands are likely at some banks, in addition to mergers and acquisitions (M&A) and share sales to foreign partners. Now that the market is favorable again, it is certain that banks will strengthen their internal resources by finding strategic partners and speeding up the restructuring process. SMBC to switch from Eximbank […]
Read MoreThe baht opened at 32.71 to the US dollar on Monday, weakening from Friday’s close of 32.69. The Thai currency is expected to move between 32.60 and 32.80 during the day and between 32.40 and 32.90 during the week, Krungthai market strategist Poon Panichpibool said. Poon said the Thai currency is likely to swing in […]
Read MoreThe Department of Energy (DoE) welcomes the proposal of independent power producers for the government to explore the possible suspension of excise tax and value-added taxes (VAT) on coal and oil to address the looming power rate increase. The Philippine Independent Power Producers Association (PIPPA) said their initial estimates indicate that the effect on the […]
Read MoreCambodia’s insurance industry reported a total premium of $293.4 million in 2021, up 9.5 percent year-on-year, despite the economic fallout from the COVID-19 pandemic, according to a report of the Insurance Regulator of Cambodia (IRC) on Saturday. The growth was generated from 18 general insurers, 14 life insurers, seven micro-insurance companies and one reinsurance firm, […]
Read MoreSome 63% of hotels recorded losses as average occupancy lingered below 30% despite the renewed Test & Go scheme, according to the hotel business operator sentiment index for February. Marisa Sukosol Nunbhakdi, president of the Thai Hotels Association (THA), said ¾ of hoteliers project a 30% occupancy rate should be sufficient to break even, but […]
Read MoreAFP – Card payment giants Visa and Mastercard announced Saturday they will suspend operations in Russia, the latest major US firms to join the business freeze-out of Moscow over its invasion of Ukraine. “Noting the unprecedented nature of the current conflict and the uncertain economic environment,” Mastercard said it had “decided to suspend our network services […]
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Thailand
