KUALA LUMPUR: S&P Global Ratings believes the economic risk in Thailand remains high on a global comparison due to its low per capita GDP despite its diversified economy. In its report entitled “Banking industry country risk Assessment: Thailand” issued on Monday, it pointed out the slower credit growth in the past couple of years amid […]
Read MoreFive European business groups in Yangon have signed a statement urging the Myanmar authorities to restore internet access in Rakhine and Chin states. The statement warns of the “possible reputational impact in the international community and view of Myanmar as a responsible investment destination” being wrought by the internet-shutdown. It says the internet blackout negatively […]
Read MoreTAIPEI: The new normal of global trade is that there are few safe harbors. That’s the lesson Eclat Textile Co. is learning. The sportswear supplier to Nike Inc. and Lululemon Athletica Inc. exited China in 2016 as conditions weren’t ideal for manufacturing, deciding instead to bulk up in Vietnam. Now, as the global trade war […]
Read MoreMORE than 40 new standards for nascent areas including drones, additive manufacturing and video analytics will be developed over the next year, as the Singapore Standards Council (SSC) steps up its standardisation efforts to keep pace with economic transformation and novel technologies, it said on Monday morning. In the past year, the industry-led SSC published 19 […]
Read MoreIndonesia’s plan to lower corporate tax rates to 20 per cent from 25 per cent is positive for earnings of most listed companies, say analysts from Maybank Kim Eng. The objective of lowering its corporate income taxes is to make Indonesia competitive with neighbouring countries, which the analysts believe will indeed help Indonesia improve its […]
Read MoreThe central bank’s move to curb the rising baht is just a warning shot and will have little impact on the currency’s value or on the bond and stock markets, analysts said. The Bank of Thailand (BOT) took the first step on Friday by reducing the amount of baht accounts held by foreign investors and […]
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