The depreciation of the yuan against the US Dollar will not significantly impact the baht’s strength, but will cause investor sentiment to drop and leading to an outflow of capital from Thailand’s stock market, market experts and economists agree. On Monday morning, the yuan depreciated by 7 per cent against the US dollar, marking the […]
Read MoreBRUNEI Darussalam’s demand for power will increase three per cent per annum in the next 10 years, from 3,900 Gigawatt hours (GWh) in 2019 to 5,300 Gigawatt hours (GWh) in 2029. This is due to the current and upcoming key national projects and developments in the pipeline. The matter was highlighted by Minister of Energy, […]
Read MoreChinese investors and companies will soon be able to conduct transactions through the Alipay system in Laos. The Lao Development Bank (LDB) entered into an agreement with KIWI Company Limited last week to roll out the service. KIWI – established by French, Belgian and Laotian entrepreneurs in 2016 – is a leading fintech operator in […]
Read More“Made in Vietnam” products are required to have a localisation rate of 30 per cent and be partly produced in Vietnam. This is one of the criteria set by the Ministry of Industry and Trade in a draft circular providing criteria for products eligible to be classified as made in Vietnam. The draft circular says […]
Read MoreTelecommunications company Indosat Ooredoo plans to invest two trillion rupiah ($140.5 million) to expand its fourth-generation (4G) network coverage in Indonesia from 81 per cent to 90 per cent of the 264 million population by the end of this year. Chief operating officer Vikram Sinha said Indosat Ooredoo would add 18,000 base transceiver stations (BTS), […]
Read MoreALL financial services and e-payment firms in Singapore must follow a set of cyber hygiene rules from August next year with Singapore’s central bank stepping up efforts to strengthen the sector’s defense against rising threats. The Monetary Authority of Singapore (MAS) announced the mandatory rules on Tuesday, saying the sector will be more exposed to […]
Read More
Thailand
