Asian companies, particularly those in Southeast Asia, are at risk of falling out of multinational corporations’ supply chains if they fail to improve their environmental, social and governance (ESG) strategies, according to HSBC. The conclusion is contained in a report commissioned by the multinational bank, in conjunction with East & Partners, based on interviews with senior […]
Read MoreThe Bank of Thailand will require homebuyers to make a down payment of at least 20% of home value for new mortgages worth 10 million baht and higher as well as for second homes, in an effort to curb mortgage and property risks and improve housing loan quality. The requirement is expected to be implemented from […]
Read MoreThe World Bank’s economic report on East Asia and Pacific says the Cambodian economy is expected to grow at seven per cent this year, compared to 6.9 per cent last year. The result is underpinned by upbeat investor sentiment and rising government spending, it said in its report released on Thursday. “As global demand peaks […]
Read MoreGRAB and deals platform Fave – formerly Groupon Singapore – announced on Thursday that they have formed a strategic partnership to accelerate their growth across the Asean region. As part of the partnership, Fave will bring onboard merchants for GrabFood and GrabPay in Singapore and Malaysia, beginning this week. Later in October, Fave will add the […]
Read MoreBENGALURU (REUTERS) – Asian currencies fell on Thursday (Oct 2) after robust US economic figures and bullish comments from the Federal Reserve boosted the US dollar, prompting sustained regional outflows. The greenback rose about 0.3 per cent against a basket of currencies after news that US service sector activity raced to a 21-year high in […]
Read MoreThe Hanoitimes – By the end of 2017, total outstanding consumer loans reached over US$5 billion. The consumer finance market, however, remains huge potential for development. Vietnam’s consumer finance market is witnessing new players, promising a fierce competition for customers, VnExpress reported. On October 1, EVN Finance Company announced its foray into the market with the […]
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Thailand
