Siam Commercial Bank is seeking approval from the Central Bank of Myanmar (CBM) to upgrade SCB’s representative office to operate under a bank subsidiary licence in the neighbouring country. The subsidiary model would offer SCB greater opportunities to do banking business in Myanmar, said chief executive Arthid Nanthawitthaya. Among the three options that the CBM […]
Read MoreThe Hanoitimes – High-end and luxury apartment projects in Vietnam’s major cities such as Hanoi and Ho Chi Minh City have been indeed attractive to foreigners in recent years. Though foreigners have been given the right to buy houses in Vietnam, the snail-paced enactment of available projects and shortages in updates on the number of units […]
Read MoreBank Indonesia (BI) recorded a slower foreign debt growth last November as the government and private sector repaid the principal due during the month while the latter also borrowed less. BI revealed on Wednesday that the country’s total foreign debt reached US$401.4 billion in November 2019, higher 8.3 percent year-on-year (yoy). The growth, however, was slower […]
Read MoreKUALA LUMPUR: The quantity of refined palm oil exports from Malaysia to India is relatively small, roughly US$300mil a year. Therefore, any restriction on Indian palm oil importers to buy the commodity from Malaysia would only have a minimal impact on the latter, according to Standard Chartered. “In the end, India has to buy it […]
Read MoreThe Ministry of Planning, Finance, and Industry is seeking expressions of interest from both domestic and foreign investors interested in participating in the recommissioning of the Myingyan Steel Mill. The steel mill, located near Sar Khar village, Myingyan Township in Mandalay Region, is reported to have a production capacity of 1.8 million tonnes a year. […]
Read MoreMANILA, Philippines — Remittances from overseas Filipino workers (OFWs) continued to grow in November 2019, although at their slowest pace in five months, according to the Bangko Sentral ng Pilipinas (BSP). According to the latest data from the BSP, personal remittances rose by only two percent to $2.64 billion in November last year from $2.59 […]
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Thailand
