MALAYSIA’S central bank is giving foreign insurers until the end of 2023 to either reduce stakes in their local ventures or contribute to a charitable fund, people with knowledge of the matter said, more than a decade after the requirement was introduced. Foreign insurers that do not comply with the ownership limit by the deadline […]
Read MoreMANILA, Philippines — The government raised its debt payments for the first time in six months in May to P57 billion, as it pushes on with its move to slash its obligations in line with fiscal consolidation. According to the Bureau of the Treasury, debt servicing increased by more than half to P57.44 billion in […]
Read MoreMyanmar’s central bank has ordered companies with up to 35% foreign ownership to convert foreign exchange into the local currency, state media reported on Monday, extending a rule aimed at relieving pressure on the kyat to include more businesses. In April, the central bank exempted foreign entities from the new policy after the rule had […]
Read MoreJAKARTA, July 15 (Reuters) – Indonesia booked a larger-than-expected trade surplus of $5.09 billion in June, as palm oil exports surged after the lifting of an export ban a month earlier while coal shipments to Europe also jumped, official data showed on Friday. A Reuters poll had expected a $3.52 billion surplus for June, following […]
Read MoreCentral banks in Southeast Asia hope to link payment systems across the region this year using QR code technology. Perry Warjiyo, Governor of the Bank of Indonesia, stated in a panel discussion on the sidelines of the G20 Finance Ministers and Central Bank Governors Meeting in Bali that by November, five of the region’s largest […]
Read MoreFour products have been identified as potential geographical indication (GI) products, aimed at promoting the culture, tradition, customs, and tourism in Cambodia. The Ministry of Commerce has worked on four potential products namely “Kampot-Kep Salt and Flower of Salt”, “Kampong Som Dried Shrimp”, “Koh Kong Dried Shrimp” and “Siem Reap Fish Prahok” for listing as […]
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Thailand
