MUMBAI: Indian palm oil importers have effectively stopped all purchases from Malaysia after the government privately warned them to shun the product from the country following a diplomatic spat, industry and government sources said. The warning, issued last week, comes almost in parallel with New Delhi’s move to restrict imports of refined palm oil and […]
Read MoreBangkok Bank (BBL) expects to make payment for its acquisition of Indonesia’s PT Bank Permata in the third quarter this year. The deal is seeking approval from both the Bank of Thailand and its Indonesian counterpart and the process is expected to be completed soon, said Chansak Fuangfu, executive director and senior executive vice-president. BBL […]
Read MoreThe Hanoitimes – Japan becomes one of favorite markets for Vietnam’s workers thanks to high salary, safe working environment, and relaxed working rules. Vietnam and Japan have inked 12 agreements and memorandums of understanding (MOUs) in different fields, including one on sending more Vietnamese workers to the Northeast Asian country. The agreements and MOUs were signed […]
Read MoreThailand’s Kasikorn Bank (KBank) is preparing to invest in Ayeyarwaddy Farmers Development Bank (A Bank) in Myanmar, KBank told The Myanmar Times via email. The Thai bank said it is looking to buy a 35 percent stake in the A Bank and has sought approval from the Central Bank of Myanmar (CBM) to do so. The move […]
Read MoreMajor e-commerce operators plan to ratchet up efforts to explore more revenue sources in 2020, including lending services, following years of huge spending on promotion campaigns without turning a profit, said a former president of the Thai E-Commerce Association. “This year, JSL [JD Central, Shopee, Lazada] aim to make more revenue, as they have spent […]
Read MoreThe ASEAN Post recently published an article on whether 2020 will be a good year for Myanmar’s economy. That article noted that the ASEAN +3 Macroeconomic Research Office (AMRO) had given Myanmar’s economy a positive outlook for the fiscal year of 2019 to 2020; expecting it to expand by 7.1 percent up from 6.8 percent […]
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Thailand
