The State-Owned Enterprises (SOEs) Ministry will close down or merge state-owned companies that have consistently failed to post profits as part of the government’s restructuring of SEOs, Deputy SOE Minister Kartika “Tiko” Wirjoatmodjo said in Jakarta on Thursday. Tiko said that all underperforming SEO’s were currently under review, as the ministry looked to figure out […]
Read MoreThe coronavirus outbreak in China has caused trade between Myanmar and its neighbor to slow to a trickle, trade officials say. The clearest example of this is the plunge in the volume of watermelons from Myanmar that are crossing the border to the east. “About 600 truckloads of Myanmar’s watermelons used to cross the border […]
Read MoreThe mining sector in Laos has seen a sharp decline after legislators ordered the suspension of new mining operations in 2016. The mining sector has seen a decrease of 18 percent from 2016 to 2020, according to figures provided by officials from the Ministry of Energy and Mines. The Vientiane Times reports that in the […]
Read MoreThe Hanoitimes – Fitch Ratings believes larger, more established finance companies are better-placed to meet the new requirements while newer, smaller companies that concentrate on cash loans may find it harder to shift their business models. Vietnam’s new regulatory limits on unsecured consumer-finance personal loans will pressure the business models of more-exposed companies over the next […]
Read MoreBANGKOK: Britain’s largest supermarket chain Tesco Plc is inviting Thai tycoons to the second round of bidding for its operations in Thailand and Malaysia that could fetch more than US$7bil (RM28.85bil), according to sources. Thai billionaire Dhanin Chearavanont’s Charoen Pokphand Group and Central Group, controlled by the Chirathivat family, were picked to proceed with deadline […]
Read MoreTwo state-backed banks — Government Savings Bank (GSB) and GH Bank — and Siam Commercial Bank (SCB) have hopped on the rate-cutting bandwagon by trimming their lending rates, effective from Friday. GSB is passing on in full the central bank’s 25-basis-point reduction for the minimum retail rate (MRR) and minimum overdraft rate (MOR), said Chatchai […]
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