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 […]
Read MoreThe Hanoitimes – The development will be backed by increasing industrial activities, growing e-commerce, and stronger investment in logistics infrastructure. Vietnam logistics and warehousing market is likely to reach US$86.7 billion by 2022 thanks to expanding industrial activities, growing e-commerce industry, continuous investment in infrastructure and logistics facilities, and consistent economic growth. The logistics and […]
Read MoreBANGKOK: Three Thai business associations on Wednesday slashed their 2019 economic growth and export forecasts, and urged the central bank to cut interest rates to slow the strengthening of the baht, which this year has risen more than other Asian currencies. In a joint statement, the Federation of Thai Industries, the Thai Bankers’ Association and […]
Read MoreAbout 40,000 small and medium enterprises (SMEs) have enjoyed additional business in their retail outlets after they obtained applications for digital payment services. Through the application developed by Digital Maxima Indonesia (DMI), a subsidiary of PT Digital Mediatama Maxima (DMM), SMEs served their customers who wanted to pay their telephone and electricity bills as well […]
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Thailand
