The Asian financial crisis in 1997 plunged many ASEAN countries into recession. The crisis dragged down the Indonesian rupiah, the Thai baht, the Malaysian ringgit and other currencies. Even the Hong Kong dollar came under enormous pressure, though the city managed to prevent a devaluation because it had more than US$80 billion in foreign reserves. […]
Read MoreInternational Finance Corporation (IFC), a member of the World Bank Group, and the Securities and Exchange Commission of Myanmar (SECM) signed a memorandum of understanding (MoU) in March to strengthen corporate governance regulatory standards and practices in Myanmar. In its press statement, the IFC said that a better regulated market will bolster investor confidence and […]
Read MoreKrungsri combines its fully-integrated financial expertise in Thailand with Mitsubishi UFJ Financial Group (MUFG), one of the largest international financial institutions in the world, with networks in more than 50 countries around the world, in order to support Thai entrepreneurs with a wide range of financial services and business opportunities. These include business matching activities, […]
Read MoreThe Ministry of Electricity and Energy (MOEE) has plans to increase the electricity tariff in order to reduce its losses due to the difference between the cost of generating and distributing electricity, said U Htein Lwin, Permanent Secretary from MOEE. At the press conference to announce the ministry’s one-year performance, U Htein Lwin said that […]
Read MoreMyanmar’s international relations have improved since the National League for Democracy-led government took power in 2016, U Kyaw Zeya, permanent secretary of the Ministry of Foreign Affairs (MOFA), said yesterday. “When we review our performance, we mainly focus on where we have succeeded. It is difficult to assess our unsuccessful performance,” he said during a […]
Read MoreCredit guarantee insurance was introduced under the former government in 2014 but the system has not been widely adopted by banks and businesses. As a result, financial support for SMEs remains inadequate. So far, CB bank has offered loans to 21 businessmen, KBZ has given loans to only three, and banks are still unable to […]
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Thailand
