MANILA, Philippines — The peso retreated yesterday, closing to its lowest in almost 12 years at 52.95 to $1 due to uncertainties caused by the recent developments in the G7 meeting, analysts said. The local currency weakened by 25 centavos from last Friday’s close of 52.70 to $1. This was the lowest since the peso […]
Read MoreThe commerce and industry ministries are escalating demands that the Vietnamese government eliminate non-tariff barriers on cars imported from Thailand, as Thai car shipments to Vietnam have stalled for over six months. Thailand is pressuring Vietnam to eliminate its non-tariff barriers on completely built-up (CBU) cars exported from Thailand. Thai exporters suspended their car shipments after […]
Read MoreThough the new Myanmar Companies Law is less than three months away from being officially enforced, interest to list on the Yangon Stock Exchange (YSX) has not picked up as substantially as expected, said U Thet Tun Oo, senior executive manager of the YSX. The Myanmar Companies Law, which was enacted December 6, 2017, will […]
Read MoreRevenue Group Bhd, a Malaysia-based cashless payment solutions provider, has unveiled plans to expand its business in Cambodia and Myanmar, saying it will use some part of the capital it raises from an initial public offering (IPO). Malaysian daily The Star said that Revenue Group Bhd expects to raise 20.61 million ringgit ($5.17 million) from […]
Read MoreThough digital content value in Thailand is forecast to grow 12%, the private sector is urging raising competitiveness and promoting local intellectual property. Kris Nalamlieng, managing director of 2Spot Communication Co, a character and licensing studio, said the value of the digital content market in Thailand covering games, animation, characters and e-learning is expected to grow […]
Read MoreThe central bank has said the country will not impose a tax on foreign funds anytime soon, stressing that the issue is only being discussed and is an option to control both capital inflows and outflows. Bank Indonesia (BI) Governor Perry Warjiyo said in Jakarta over the weekend that the central bank had no plan […]
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