MGN Emperor Bank Plc’s launch into Cambodia’s growing financial industry on Sunday has led insiders to believe that fierce competition in the crowded market will lead to more mergers and acquisitions. In Channy, president and CEO of Acleda Bank, a leading local bank, said the sector will face fiercer competition as credit consumption narrows. “The […]
Read MoreThe state-run Industrial Estate Authority of Thailand (IEAT) plans to promote 18 plots spanning 35,788 rai in the Eastern Economic Corridor (EEC) as new industrial estates. The IEAT expects its board of directors to approve all 18 plots in August, said governor Somchint Pilouk. Of the soon-to-be industrial estates, eight locations are in Chachoengsao, six are […]
Read MoreThe government has given the Bank of Thailand a free hand in dealing with the baht’s rapid gain, says Deputy Prime Minister Somkid Jatusripitak. Taking care of the baht is the central bank’s duty, he said. “We’ve asked the central bank to monitor the baht’s movement, particularly in short-term fund inflows,” he said. “If the […]
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Thailand
