THAILAND’S fourth-largest bank, Kasikornbank (KBank), is exploring the possibility of acquiring banks in Indonesia, but acknowledges this is a challenging goal due to the Indonesian regulator’s rules concerning foreign ownership of local banks. The regulations require foreign banks to buy more than one bank, and that the targets must not be strong institutions. KBank president […]
Read MoreThe Yebu border trade inspection gate on the Lashio-Muse road has reopened for the first time in over five years as the government tries to honour a commitment to ending illegal trade. But inspecting hundreds of vehicles at a single small gate has resulted in serious traffic problems, say traders and local trade bodies. Workers […]
Read MoreCambodia has become the first Asian country to sign on to the Sustainable Development Investment Partnership (SDIP), a global initiative that aims to unlock the funding of infrastructure projects through public-private sector partnerships. The announcement came during Prime Minister Hun Sen’s four-day visit to the annual World Economic Forum (WEF) meeting in Davos, Switzerland. Speaking […]
Read MoreSingapore is the 6th most innovative economy in the world, according to the 2017 Bloomberg Innovation Index released on Tuesday (Jan 17). The Republic’s global position was unchanged from the previous year, though it managed to usurp Japan as Asia’s second most innovative economy after the Japanese fell from 4th to 7th spot. South Korea […]
Read MoreKUALA LUMPUR — Malaysia’s central bank kept its benchmark interest rate unchanged for a third straight meeting to help bolster the currency as policymakers in emerging economies gird themselves for tighter US monetary policy. Bank Negara Malaysia held its key rate at 3 per cent, it said in a statement in Kuala Lumpur on Thursday […]
Read MoreThe Nong Or project to develop a tourism site in Sikhottabong district, Vientiane will commence construction in the near future after a project design model was selected recently. The project is now awaiting approval from the Vientiane authorities after the developer, Kanghua Investment Co., Ltd, proposed the model, one of the project’s partners told local […]
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Thailand
