The latest regulation by the Central Bank of Myanmar (CBM) permitting foreign institutions to invest up to 35 percent in local banks has been well-received by the banking and financial industry. However, experts have flagged the need for further clarity in its provisions. U Than Lwin, senior advisor to KBZ Bank, said the CBM should […]
Read MoreMANILA, Philippines — The Philippines’ trade gap narrowed to a three-month low in December, after exports stayed weak while import growth slowed sharply during the month, the country’s statistics agency reported Tuesday. Trade deficit in December stood at $3.75 billion, slimmer than $3.97 billion gap posted a year ago and $3.90 billion shortfall registered in November. […]
Read MoreWHITHER the festive spirit? Retail sales in Singapore fell in December 2018, although eateries did better, according to the latest data from the Department of Statistics (SingStat) on Tuesday. The year-end slump pushed overall retail sales down by 0.7 per cent for 2018, even though annual turnover ticked up by 1.1 per cent when motor vehicles were left out. Takings were […]
Read MorePETALING JAYA: The higher-than-expected industrial production growth in December 2018 hints at a stronger economic expansion for Malaysia in the fourth quarter of 2018, according to MIDF Research. Led by stronger manufacturing sector performance, the country’s industrial production index (IPI) for December 2018 rose by 3.4%, beating a Bloomberg survey of 2.7%. In November 2018, the IPI increased at a slower pace of […]
Read MoreHANOI (Viet Nam News/ANN) – The Vietnam Association of Seafood Exporters and Producers (VASEP) has predicted the export value of tra fish will reach USD2.4 billion this year, up from USD2.3 billion last year. According to economic experts, this number is feasible because the US-China trade is impacting many economies, including Vietnam, but has had a positive […]
Read MoreSET-LISTED Siam Cement Group (SCG) plans to expand new service solutions and retail operations in Cambodia to tap opportunities in the country’s growing construction industry and changing consumers’ behaviour, its Cambodia country director, Somwang Manpimonchai, said. “Our target this year in Cambodia is to maintain existing businesses which produce and sell our products, and to […]
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Thailand
