Indonesia won a second sovereign rating upgrade this year, with Fitch Ratings raising its assessment to the second-lowest investment grade, months after S&P Global Ratings lifted the nation out of junk status. The rating on the nation’s long-term, foreign currency-denominated debt was raised one level to BBB with a stable outlook, Fitch said in a […]
Read MoreThe Bank for Investment and Development of Vietnam (BIDV) on Tuesday announced the closing of its representative office in Yangon, Myanmar. According to Myanmar’s laws and regulations, foreign banks are required to shut down their representative offices after establishing a branch in the country. The BIDV’s representative office completed its mission in the market. BIDV established the […]
Read MoreKUALA LUMPUR: Malayan Banking Bhd and its Indonesian arm, PT Bank Maybank Indonesia, emerged as the safest banks operating in their respective countries, according to a country-by-country ranking by Global Finance Magazine. In a statement, Global Finance said banks were selected through an evaluation of long-term foreign currency ratings from Moody’s, Standard and Poor’s and […]
Read MoreElectricite du Cambodge has signed an agreement with Laos to import 115 kilowatts of electricity from Laos to Preah Vihear province, and on to Kampong Thom and Oddar Meanchey provinces. The EDC posted on its Facebook page that the agreement was signed on Tuesday in Vientiane by EDC director Keo Rattanak and Laos’ minster of […]
Read MoreThe Hanoitimes – Singapore-based Keppel Land Limited (Keppel Land) has signed two sales and purchase agreements to acquire 100 per cent interest in two prime sites in Ho Chi Minh City at a total cost of US$297 million. On the first site located in Saigon South, Keppel Land plans to develop about 220 landed homes and […]
Read MoreTHE Board of Investment’s (BOI) board has agreed on measures to boost the capabilities of small and medium enterprises (SME), while its secretary-general has expressed confidence that this year’s applications for investment promotion privileges would hit its target of Bt600 billion. Duangjai Asawachintachit, BOI secretary-general, said after the board meeting chaired by Prime Minister Prayut […]
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Thailand
