The Hanoitimes – The banking sector has committed to the Prime Minister for an additional reduction of 0.5% in lending rates as of January 9. As such, Vietcombank is the first bank realizing this commitment. The Prime Minister Nguyen Xuan Phuc highly regarded the State Bank of Vietnam’s (SBV) effort in macro economic management in 2017 […]
Read MoreYear-to-date net foreign inflows into Thai bonds have reached 47 billion baht, with foreign investors viewing Thailand as a destination to park their funds. Some have fingered the movement as the source of the baht’s strengthening value. The baht rose 0.3% Thursday to a nearly 3½-year high of 32.02 against the US dollar. The baht […]
Read MoreRice prices in Maungdaw township, Rakhine State, have fallen this year, according to merchants and residents from the region. The change in price is due to decrease in demand. Bangladesh, which borders Myanmar, is having a decent yield this year and Yangon-based traders have decided to directly export rice to import rice from there. Hence the demand for Maungdaw […]
Read MoreDNC Asiatic Holdings Sdn Bhd, a Malaysian manufacturer of motorcycles, will ship 25,000 units of its Demak model to the kingdom this year, in a deal worth $56 million that is part of its overseas expansion strategy. Its Cambodian partner Asian Comfort Investment Co Ltd will be the main authorised distributor in the kingdom, as […]
Read MoreKUALA LUMPUR: Malaysia’s industrial production rose 5% in November from a year earlier, boosted by gains in all three major sectors, government data showed on Thursday. Factory output was just above the 4.7% annual rise forecast in a Reuters poll, and up from the 3.4% growth in October. Manufacturing sector output expanded 6.7% from a […]
Read MoreThe private sector has asked the government and the Bank of Thailand to hold a meeting on finding ways to curb the baht’s rapid gains, which is putting the baht among the top-performing currencies in Asia. The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) will propose next week that policymakers meet, said committee […]
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