A crackdown by China on illegal trade along the vital Muse border crossing located in northern Shan State as well as severe restrictions on agricultural imports continues to affect Myanmar’s border exports to the country. According to data from the Ministry of Commerce, exports declined 28.4 percent to US$2.74 billion from October 1, 2018 to […]
Read MoreKUALA LUMPUR: Risks are growing for Singapore’s three largest banks – DBS Bank Ltd, Oversea-Chinese Banking Corp Ltd (OCBC) and United Overseas Bank Ltd (UOB) – as economic conditions worsen, Moody’s Investors Service said. It said non-performing loans (NPLs) ratios remained low at 1.5%, but would deteriorate amid rising volatility. It added that further improvement […]
Read MoreOf the three stages in digital transformation, 70% of Thai enterprises are in the second step, using software applications and cloud computing, integrating silos of data and making predictions via data analysis, says ABeam Consulting (Thailand), a subsidiary of the Japanese firm. The first step is known as digitisation, where organisations’ data is stored in […]
Read MoreMANILA, Philippines — The Manila Electric Company (Meralco) announced the fourth consecutive month of lower power rates. As a result, overall electricity rates for a typical household consuming 200kWh decreased to P9.5674 per kWh this August from last month’s P9.9850 per kWh. The downward adjustment of P0.4176 per kWh means a decrease of around P84 […]
Read MoreHigher investments are essential for maintaining Indonesia’s stable annual economic growth, Finance Minister Sri Mulyani Indrawati says. “We have to make sure that growth can be spurred from investment, the fundamental factor for Indonesia to be able to maintain its growth momentum of above 5 percent without incurring vulnerabilities amid a very volatile global environment,” […]
Read MoreThailand will propose a tax on over-the-top (OTT) service providers to Asean members when the region’s telecom regulators meet in Bangkok next week, says the National Broadcasting and Telecommunications Commission (NBTC). The 25th Asean Telecommunication Regulators’ Council (ATRC) meeting will be held Aug 20-23 at Anantara Riverside Hotel. A press statement yesterday from the NBTC […]
Read More
Thailand
