KRHB Banking Group (“RHB” or the “Group”) announced PT RHB Sekuritas Indonesia, a subsidiary of RHB Investment Bank Berhad, has entered into a conditional share purchase agreement (“CSPA”) with Allianz Global Investors Asia Pacific Ltd (“AllianzGI”) and PT Asuransi Allianz Life Indonesia (“Allianz Life Indonesia”). The agreement is for the disposal of its investment management […]
Read MoreA proposal to allow eateries and restaurants in department stores and shopping malls to sell food via online delivery platforms will be presented for approval by the Centre for Covid-19 Situation Administration (CCSA). Deputy government spokeswoman Traisulee Taisaranakul said that the Public Health Ministry had already discussed the matter with the CCSA and will put […]
Read MoreThai tourism this year is likely to be at an all-time low as international arrivals may reach just 1 million, while domestic tourism could plunge to 50-60 million trips if the worsening Covid-19 situation demands lockdown last for up to three months, according to the Tourism Authority of Thailand (TAT). Despite reopening for vaccinated international […]
Read MoreThe Bank of Thailand predicts the government’s tougher measures to contain new infections will lessen economic activity by a range of 0.8 to 2 percentage points. The best-case scenario would see GDP fall by only 0.8 percentage points, said the senior director for the economic and policy department, Chayawadee Chai-Anant, while the worst case would […]
Read MoreSINGAPORE consumer prices rose for the sixth straight month in June, as higher transport and housing costs offset the steeper fall in the cost of retail and other goods. Headline inflation of 2.4 per cent was unchanged from the reading in May, though it missed the median increase of 2.5 per cent forecast in a […]
Read MoreVietnam is expected to move to a group of upper-middle-income countries by 2025. Vietnam targets an average GDP growth of 6.5-7% in the 2021-2025 period as the country continues to set eyes on rapid and sustainable economic development. Minister of Planning and Investment Nguyen Chi Dung addressed the government’s five-year socio-economic plan at a sitting […]
Read More
Thailand
