Cambodia Angkor Air (K6, Siem Reap) is set to see new investors in the form of private equity investors after 49 percent of it’s shares, owned by Vietnam Air, changed hands for $49 million. Vietnam Airlines held a total of 59% of Cambodia Angkor Air’s capital, with 49% controlled by the airline directly and 10% […]
Read MoreUp to 80% of the local startups are struggling financially with revenue drying up in the wake of the coronavirus outbreak, according to the Thailand Tech Startup Association (TTSA), which wants the government and all related parties to help. “The sudden impact from the pandemic means local startups face a difficult time, with loss of […]
Read MoreThe National Bank of Cambodia has requested financial institutions to reduce credit-related fees and lift fines until the end of December 2020, according to a NBC letter. The National Bank of Cambodia (NBC) has appreciated financial institutions for its good collaboration and good adherence to previous NBC measures. The statement signed by Rath Sovannorak, NBC’s Director General […]
Read MoreThe Hanoitimes – Vietnam’s insurance market remains highly attractive for foreign investors though the coronavirus pandemic impacts on the industry in the short term, Truong Vinh Phuc, partner of Audit Services at KPMG Vietnam, told Hanoitimes. To what extend has the insurance industry in Vietnam been hurt by the Covid-19 pandemic? The Covid-19 pandemic has had […]
Read MoreThe Bank of Thailand swung back to a net profit of 365 billion baht for the first three months of this year, largely because the baht retreated against the greenback. “Even though the baht weakened 8.3% against the dollar in the period, the profit didn’t affect our ability to act,” the central bank said in […]
Read MoreSINGAPORE’S headline inflation was flat in March, narrowly avoiding the negative turn that the core inflation gauge had taken just the month before. The all-items consumer price index (CPI) was unchanged year on year, easing from the 0.3 per cent uptick in February, according to official data released on Thursday. This beat the median contraction […]
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