Zero-interest unsecured loans and online shopping are blamed for the country’s swelling household debt, says the Bank of Thailand’s chief. Previous administrations’ tax rebates for first-time car buyers, financial institutions’ promotional campaigns, and changing consumer behaviour in the digital era are also factors spurring retail loan demand and debt accumulation, said central bank governor Veerathai […]
Read MoreSingapore’s limited exposure in terms of trade and investment in Britain could see the Republic emerge relatively unscathed from Brexit, which remains mired in uncertainty after a chaotic parliamentary session in Britain last week, analysts said. Singapore’s trade with Britain accounted for only one per cent of its total exports and 2.1 per cent of […]
Read MoreShipping company PT Pelita Samudera Shipping has received a nod from its shareholders to carry out a private placement to fund the purchase of a new vessel as part of its expansion plan this year. The publicly listed company is planning to buy a new handy size mother vessel worth US$7.52 million from Singapore-based Convivial Navigation Co […]
Read MoreThe governor of the National Bank of Cambodia has praised the State Bank of Vietnam and Vietnamese banks operating in the Kingdom for their support and contribution to the Kingdom’s banking sector and economic development. During an annual meeting between the central banks, Chea Chanto, NBC’s governor, said Vietnam’s has played an important role in […]
Read MorePETALING JAYA: Supermarket and hypermarket operators in Malaysia are going through a consolidation stage, Retail Group Malaysia managing director Tan Hai Hsin said. “They expanded aggressively throughout the country during the 2000s. With the current economic condition that has not improved until now, it is not a surprise for them to close under-performing stores, ” […]
Read MoreThe Hanoitimes – The tax environment has been affected by trade wars, political instability, the world economy’s volatility and rapid technology advancement. Companies in Vietnam should properly invest the right resources in order to meet and comply with new regulations, as well as to avoid tax risks given changes in the global business environment and newly […]
Read More
Thailand
