Ringgit demand in Brunei soars during festive season Tuesday, July 12, 2016 – MONEY changers in the country recorded an influx of Malaysian Ringgit buyers over the Hari Raya Aidil Fitri holidays. Vendors interviewed by The Brunei Times said that the Malaysian Ringgit was selling hot within the first three days of Hari Raya, making […]
Read MoreBrunei?s insurance industry to slow down in 2016 Monday, July 11, 2016 – THE growth of Brunei?s insurance industry in 2016 may be stunted due to decreased economic activity, said the chairman of the Brunei Insurance and Takaful Association in an interview with the Oxford Business Group. Hj Osman Hj Mohd Jair (pictured) said that […]
Read MoreSingapore: Singapore bankers see $30 bln flowing back to Indonesia Thursday, 4 August 2016 – Indonesians who have stashed billions of dollars abroad over the years can now bring their hoard safely back home – literally, to a newly bought condo. That’s the pitch from PT Intiland Development Tbk and other Indonesian property developers that […]
Read MoreMyanmar: Myanmar’s Kanbawza Bank opens office in Bangkok Wednesday, 3 August 2016 – Kanbawza Bank (KBZ Bank) has opened a representative office in Bangkok, the first Myanmar bank to establish an international presence.Earlier this year, KBZ Bank officially received a licence from the Bank of Thailand to open the office in the capital. The bank […]
Read MoreSingapore: Singapore factory activity shrinks for 13th month in a row Wednesday, 3 August 2016 – Factory activity shrank for the 13th straight month in July as the lacklustre global economy continued to weigh on demand. Elsewhere in the region, manufacturing performance remained patchy and economists are not optimistic about long-term prospects. The Purchasing Managers’ […]
Read MoreThailand: Baht hits one-year high against dollar Tuesday, 2 August 2016 – The baht hit a one-year high against the US dollar yesterday, tracking emerging-market currency strength as fading prospects of a US rate increase revved up investor appetite.TMB Analytics vice-president Jitipol Puksamatanan said the baht’s passing of 34.76 against the greenback was a new […]
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