Two private banks, Ayeyarwady Bank (AYA Bank) in Myanmar and Thailand’s Siam Commercial Bank (SCB) have signed a memorandum of understanding (MOU) to collaborate in the development of cross border payments and fund transfer services between the two countries. This cements an October 2019 agreement between the Central Bank of Myanmar and the Bank of […]
Read MoreINDONESIA’s Bank BRI will offer two trillion rupiah (S$194.1 million) of working capital loans through peer-to-peer lending platform Investree, a large portion of which will be allocated for entrepreneurs in the creative sector. The loans will be offered via invoice financing, where the borrower’s accounts receivable form the basis of each loan. Investree will conduct […]
Read MoreCambodian ports saw solid growth in both container and tonnage traffic in 2019, as the Government expanded the port’s capacity for increasing imports and exports. The number of containers handled in the Sihanoukville Autonomous Port (SAP) the country’s only deep-sea port. Increased by 17 percent, to 633,099 TEUs (20-foot equivalent units) from 2018 to 2019, […]
Read MoreThailand and Bangladesh have agreed in principle to establish a free trade agreement (FTA), aiming to double bilateral trade to US$2 billion by 2021. According to Commerce Minister Jurin Laksanawisit, who chaired the 5th Joint Trade Committee (JTC) meeting between the two nations yesterday, Thailand is ready to kick off FTA talks with Bangladesh and […]
Read MoreMANILA, Philippines — Credit growth picked up pace in November last year, rising by 10.1 percent as the Bangko Sentral ng Pilipinas slashed key interest rates and lowered the reserve requirement of banks.’ According to BSP data, banks disbursed P8.95 trillion worth of loans as of end-November last year, P821 billion more than the P8.13 […]
Read MoreThe release of new K1000 bank notes bearing the portrait of Bogyoke Aung San on January 7 is not expected to impact inflation, economists and banking experts said in response to market concerns. When the Central Bank circulates new notes into the economy, it will retrieve the equivalent amount of old notes to avoid inflation, […]
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Thailand
