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Thailand – TCG: SME guarantees increase 167%

State-owned Thai Credit Guarantee Corporation (TCG) saw the ratio of loan guarantees for small and medium-sized enterprises (SMEs) rise by 167% year-on-year during the first seven months. The ratio was equivalent to a loan guarantee value of 115 billion baht, said Rak Vorrakitpokatorn, TCG’s president. In addition to high loan guarantees for SMEs, the number […]

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Myanmar: Ministry of Commerce banned importers for providing forged or incorrect documents from applying for import licenses through online system

Department of Trade under the Ministry of Commerce on August 14 has placed a three-month ban on importers, warned by the FDA for providing forged or incorrect documents, from applying for import licenses through the online system. FDA has warned companies who provided incorrect or forged documents required when applying for Import Recommendation (IR). The […]

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Philippines: More retail electricity suppliers accredited

MANILA, Philippines —More retail electricity suppliers (RES) joined the Competitive Retail Electricity Market (CREM) in the second quarter as the Energy Regulatory Commission (ERC) granted a total of 42 RES licenses and authorized 25 local RES during the period. The suppliers now compete for the supply of electricity of contestable customers in the CREM, where […]

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Malaysia: Manufacturers remain cautious

KUALA LUMPUR: With many manufacturers expecting a long road to recovery for their businesses to return to pre Covid-19 levels, more layoffs in the Malaysian manufacturing sector could be seen in the coming months. This is according to a recent survey by the Federation of Malaysian Manufacturers (FMM) and Malaysian Institute of Economic Research (MIER). […]

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