“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 MoreVeerathai Santiprabhob, Governor of the Bank of Thailand (BOT), and his counterpart, Le Minh Hung, Governor of the State Bank of Vietnam (SBV) signed two Memoranda of Understanding during the bilateral meeting on 5 August 2019 in Hanoi, aiming to promote banking and financial cooperation in the following two critical areas. 1. The MOU on […]
Read MoreThe Bank of Thailand and the Thai Bankers’ Association plan to sign an agreement on five directives for responsible lending, including debt-service ratio (DSR), to take effect from next January. The guidance is aimed at keeping a lid on the country’s swelling household debt, which is a threat to financial stability. The five directives entail […]
Read MoreLocal interest in franchising has grown on the back of the rising number of international retail brands entering Myanmar. While the business can be rewarding and lucrative, it is important to have a complete understanding of the franchise concept and what you’re signing up for. Franchising is a business agreement under which a company that […]
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