The government is set to inject 2 billion baht into state-owned Islamic Bank of Thailand (IBank) as soon as there is an announcement of the amended Islamic Bank of Thailand Act in the Royal Gazette, allowing the Finance Ministry to hold more than 49% of the bank. Piyawan Lamkitja, deputy director-general to the State Enterprise Policy […]
Read MoreUp to 40 Chinese executives will take part in Sino-Japanese Eastern Economic Corridor (EEC) development efforts as they strive to strengthen bilateral cooperation in third-party markets. A new wave of Chinese business representatives is flocking to Thailand to explore investment opportunities, emphasising the remarkable development of economic cooperation between Thailand and China, now the No.1 trade […]
Read MoreMoody’s Investors Service says the government’s investment flagship Eastern Economic Corridor (EEC) is credit-positive for Thailand, says Warotai Kosolpistkul, fiscal policy adviser to the Fiscal Policy Office (FPO). The international credit rating agency had representatives visit the EEC Office, he said. The much-touted EEC scheme was approved by the cabinet in June 2016, and is aimed […]
Read MoreGrab, Southeast Asia’s leading on-demand transport service, plans to expand into e-wallet and micro lending in Thailand to capitalise on the booming cashless society trend. The company is in the process of seeking a Bank of Thailand licence for e-wallet and micro lending as part of the group’s strategy to expand in financial services and improve […]
Read MoreWorld Bank: More well-paying jobs and opportunities needed MANILA, Philippines — The Philippines’ bullish economic fundamentals helped bring down the poverty rate, according to the World Bank, although poverty reduction in the country has been sluggish due to a wide wealth gap. Based on latest available data, the Washington-based multilateral lender said poverty rate in the […]
Read MoreWhen RHB, a Singapore brokerage, first selected Singapore Exchange-listed Yoma Strategic Holdings as one of its top five stock picks for retail clients on May 2, shares of the company soared 15 percent, hitting a 4-month high of 48 cents on May 9 as investors hurried to get onboard. “Yoma Strategic offers a pure play on […]
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