The Export-Import Bank of Thailand has thrown a credit lifeline to small Thai businesses in CLMV countries that have been hit by the pandemic as well as the crisis in Myanmar. EXIM Thailand is offering the SMEs a 3-year credit facility of up to THB20 million at 3.99 per cent interest per annum. Meanwhile, its […]
Read MoreYANGON: Two years after opening his garment factory in Myanmar, Li Dongliang is on the verge of closing down and laying off his 800 remaining workers. Business had been struggling because of the Covid-19 pandemic, but after a Feb 1 coup that sparked mass protests and a deadly crackdown, during which his factory was set […]
Read MoreThe Commerce Ministry is planning to help Thai businesses in Myanmar as the prolonged political conflict is affecting their liquidity, productivity and goods transport. Permanent commerce secretary Boonyarit Kalayanamit, who discussed their problems during a meeting with businesses and Thai-Myanmar border traders on Friday, promised he will suggest Commerce Minister Jurin Laksanawisit push ahead with […]
Read MoreTOKYO: Sparked by a coup a month ago, the recent turmoil in Myanmar has many Japanese companies on the alert for any signs of change in prospects for what they see as a promising market. The Myanmar military’s seizing of power on Feb 1 and subsequent protests have cast a shadow over the Southeast Asian […]
Read MoreSINGAPORE: Singapore’s central bank has told financial firms to be vigilant to any suspicious transactions or fund flows between the city-state and Myanmar, a circular seen by Reuters showed, citing concerns over the potential for financial crimes. In the Feb 25th circular, the Monetary Authority of Singapore (MAS) reminded all chief executives of financial institutions […]
Read MoreKUALA LUMPUR: There are no specific indications of Malaysian businesses pulling out of Myanmar following the coup early this month but some might rethink the decision if the situation worsens, said vice president of the Malaysian Economic Association Dr Evelyn S. Devadason. The University of Malaya professor said Myanmar is also highly unlikely to be […]
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