As part of ongoing efforts to liberalise the financial services industry and increase credit to the private sector, the Central Bank of Myanmar (CBM) has introduced regulations to facilitate foreign investment in domestic lenders. On January 29 the CBM issued Regulation No 1/2019, allowing foreign banks and financial institutions to hold equity of up to […]
Read MoreBANK lending in Singapore increased by 0.2 per cent from a month ago, reversing from a slight contraction in January, preliminary data from the Monetary Authority of Singapore showed on Friday. Loans through domestic banking units – which captures lending in all currencies, but reflects mainly Singapore-dollar lending – stood at S$672 billion in February, compared with […]
Read MoreThe government has set its sights on upgrading and promoting three islands in and near the Eastern Economic Corridor (EEC) to become spots for quality tourism. The three islands in the Gulf of Thailand are Koh Si Chang in Chon Buri, Koh Samet in Rayong and Koh Chang in Trat. Kanit Sangsubhan, secretary-general of the […]
Read MoreThe Hanoitimes – Manufacturing remained the driving force of the economy with the increase rate of 12.35%, contributing 2.72 percentage points to the overall growth. Vietnam posted year-on-year GDP growth of 6.79% in the first quarter of 2019, lower than the 7.38% expansion recorded in the first quarter of 2018.The rate, howerver, remained the best first-quarter […]
Read MoreINDONESIA’S external debt, while creeping upwards, is still at healthy levels, United Overseas Bank economist Enrico Tanuwidjaja has said. The debt clocked in at US$383.3 billion as at end-January 2019 – or US$5.5 billion more than the previous month – but he estimated that the ratio to gross domestic product was about 36.8 per cent, a steady […]
Read MoreThe Transport Ministry has set out an ambitious plan to turn Thailand into the train assembly hub of Asean. Deputy Transport Minister Pailin Chuchottaworn said the ministry is in the process of holding talks with relevant agencies to support the setting up of a train assembly plant. He was speaking at the Rail Asia 2019 […]
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Thailand
