Cambodia’s level of development of government technology measured by the GovTech Maturity Index (GTMI) has been upgraded by the World Bank (WB) to Grade B from C for 2022. Cambodia has received 0.584 point for GTMI, which is better than the regional and global average points — 0.505 and 0.552 respectively, according to the latest […]
Read MoreMANILA, Philippines — The series of rate hikes have started feeding through to the net interest margins (NIMs) of big banks in the Philippines, according to independent credit research provider CreditSights Inc. In a report, CreditSights said the rate increases delivered by the Bangko Sentral ng Pilipinas (BSP) boosted the net interest income of banks […]
Read MoreExperts call for the central bank to expand the credit growth target to 15-16% this year. Increased demand for credit in the economy, at a time when banks have their credit quota stretched to the limit, is putting pressure on companies struggling to raise new sources of capital. In recent months, the fact that the […]
Read MoreCambodia is eyeing a slice of the Indian tourists market that flocks to Thailand. Towards this end, the Indian and Cambodian governments have signed a memorandum of understanding to start direct flights between the two countries. At present, there are no direct air journeys from the sub-continent to Phnom Penh or Siem Reap and wannabe […]
Read MoreThe government plans to borrow 2.23 trillion baht (US$60 billion) in the fiscal year starting Oct 1, about 3% less than its target this year, as the Southeast Asian nation rolls back Covid-related spending, according to people familiar with the matter. The debt-raising will include 793.6 billion baht of fresh borrowing to meet the fiscal […]
Read MoreThailand has been transporting more cargo to China by rail since the opening of the Laos-China railway. The shorter time required to carry products by rail has resulted in a rise in Thai exports to China. Thai PBS reports that Laos, Thailand, and China are thinking about building a new railway bridge, running parallel to the first […]
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