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Myanmar: Thai bank waits on new licence

Siam Commercial Bank (SCB) plans to open its first branch in Myanmar this year if the Central Bank of Myanmar (CBM) grants a bank subsidiary licence, says a SCB senior official. If approved, SCB will upgrade the existing representative office to a branch, said first executive vice-president Kamalkant Agarwal. The bank needs time to develop […]

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Thailand: Panic buying hits Bangkok stores

Shoppers in Greater Bangkok are quickly emptying supermarket shelves of long-lasting items like instant noodles, packed rice, tissue paper, tinned fish and drinking water as fears mount over the coronavirus epidemic. Large retail operators including Tops Supermarket, Tesco Lotus, The Mall Group and Big C Supercenter acknowledged that these items have been snapped up quickly […]

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Malaysia: Exports expected to contract 5.1% in January

PETALING JAYA: Malaysia’s imports and exports are expected to have contracted by 6.6% and 5.1% respectively in January, resulting in a RM12.bil trade surplus for the month, said RAM Ratings. The rating agency said that this was largely due to seasonally subdued regional industrial activity during the lunar new year festivities. It said this was […]

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