The National Bank of Cambodia (NBC) said that a total of 370,785 accounts have under gone some form credit restructuring with financial institutions, involving up to $5.5 billion. Chea Chanto, Governor of the National Bank of Cambodia said that the number of loan applicants had increased, especially after the outbreak of the February 20 community […]
Read MoreSINGAPORE – UOB has agreed to acquire Citigroup’s consumer banking franchise in Indonesia, Malaysia, Thailand and Vietnam for about $4.915 billion. The move will enable Singapore’s third-largest bank to “scale up its business in four key regional markets at one go” and accelerate its growth targets by five years, UOB deputy chairman and chief executive officer Wee […]
Read MoreMANILA, Philippines — The Philippines will be among the beneficiaries of a $60-million Asian Development Bank (ADB) investment in a private fund that is expected to create additional jobs. The Manila-based multilateral lender signed a $60-million equity investment in Creador V L.P., a private equity fund managed by investment firm Creadorm, for investments in companies […]
Read MoreThe government is mulling a faster rollout of the fourth phase of the “Khon La Khrueng” co-payment subsidy scheme to stimulate spending. Deputy Prime Minister Supattanapong Punmeechaow said on Thursday the government is studying expediting the co-payment scheme to pump up consumer spending amid the Omicron outbreak. On Dec 21 last year, the cabinet approved […]
Read MoreViet Nam has the third lowest operating costs among nine countries in Asia, just behind Cambodia and Myanmar, according to Asia-Pacific’s leading business transformation consultancy TMX. Under the recent TMX report “The great supply chain migration – breaking down the cost of doing business in Asia,” the average total operating cost for a manufacturing company […]
Read MoreMANILA, Philippines — Retail prices of consumer goods in Metro Manila continued to pick up, hitting a six-month high in November, the Philippine Statistics Authority (PSA) said. The General Retail Price Index (GRPI) in the National Capital Region (NCR) in November grew by 2.3 percent, faster than the 2.1 percent rate in October. This is […]
Read More
Thailand
