Overall car sales are expected to contract throughout the third quarter of 2019 after figures in July remained in the red for a second straight month, attributed to financial institutions tightening their car loan conditions in line with the Bank of Thailand’s warning, say local distributors. The automotive industry club of the Federation of Thai […]
Read MoreThe government’s plan to block the use of unlicensed cell phones entering Indonesia is immature and detrimental to the public interest, says the Indonesian Ombudsman. The Ombudsman noted some oddities in the initiative after a recent meeting with the Communications and Information Ministry to examine the ministry’s draft for a regulation on the matter. “It […]
Read MoreLimestone Network, a Singaporean startup, is planning to build a smart city in the heart of Phnom Penh. For in depth analysis of Cambodian Business, visit Capital Cambodia International startup media platforms reported this week that Limestone Network is seeking to transform the face of Southeast Asia by building smart cities powered by blockchain technology. Limestone […]
Read MoreMANILA, Philippines — A Chinese firm engaged in the manufacture of yarns and fabric is looking to set up shop in the Philippines, the Department of Trade and Industry (DTI) said. Trade Secretary Ramon Lopez met with representatives from Texhong Textile Group Ltd. in China last week and the company discussed its interest to invest […]
Read MoreCommercial banks and state-owned financial institutions have reacted swiftly to the Bank of Thailand’s recent monetary policy easing by cutting their lending rates, but the efficiency of such a move remains opaque amid lethargic economic conditions. Viewed as a joint response to the central bank’s monetary policy easing, Kasikornbank, Krungthai Bank and Bangkok Bank cut […]
Read MoreThe 0.125 per cent to 0.25 per cent reduction in loan interest rates will benefit small and medium enterprises (SMEs) and boost the country’s gross domestic product by 0.1 per cent, research by Kasikorn Research Centre showed on August 15. The study showed that the reduction of interest rates, including minimum overdraft rate (MOR) and […]
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