President Joko “Jokowi” Widodo and Singaporean Prime Minister Lee Hsien Loong have agreed that Bank Indonesia (BI) and the Monetary Authority of Singapore (MAS) would have a currency swap agreement in facing the global uncertainty. The agreement was announced when the leaders met in Bali on Thursday. “Amid the global financial market uncertainty, cooperation is […]
Read MoreHANOI: Vietnam is seeking to reduce its reliance on Asian rice markets while boosting the output of high-quality grain to better position itself in the global market, the government said on Thursday. The country aims to reduce its rice shipments to Asian markets to 50% of its total exports by 2030, from the current of 60%, […]
Read MoreAs other Southeast Asian countries saw their positions unchanged or up in a survey of expats, Thailand and the Philippines went in the opposition direction. This year, Thailand ranked 21st in HSBC’s Expat Explorer survey, down six places from a year ago. The kingdom obtained high scores from expats in the categories of property and […]
Read MoreKUALA LUMPUR, Malaysia (AP) – Malaysian Finance Minister Lim Guan Eng said yesterday the government plans to introduce new tax measures to help raise funds to pay off national debt that has snowballed due to corruption under the previous government. Lim said it will take the government three years to resolve its fiscal woes due […]
Read MoreThe Hanoitimes – Vietnam’s market has 18 life insurers, of which only Bao Viet Life Insurance is Vietnamese while the rest are wholly foreign-owned companies or joint ventures. The domestic fast-growing insurance market has prompted many foreign companies to step up their presence in Vietnam in the past years. Vietnam’s insurance sector has targeted revenue of […]
Read MoreSET-listed banks are estimated to deliver lower quarter-on-quarter net profit for the third quarter but higher year-on-year earnings, say analysts, noting the waiver of transaction fees for digital banking dealt a blow to their fee-based income and net profits. Ten listed banks covered by Phillip Securities Thailand are forecast to post a combined net profit of […]
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