KUALA LUMPUR: Core earnings in the banking sector is expected to grow by 4.6% in 2019 underpinned by modest growth of 3.6% and supported by higher net interest income from loan expansion. In its sector update, Ambank Investment research said loans for the Malaysian banking industry is expected to grow 4% to 5% premised on […]
Read MoreMANILA, Philippines — The Securities and Exchange Commission (SEC) has revised anew its proposed rules on `initial coin offerings (ICOs), taking into account the comments received from the public last year. ICO is the cryptocurrency equivalent of an initial public offering. It can be a fundraiser wherein a company looking to create a new coin, […]
Read MoreTHE last quarter of 2018 saw a deterioration in local firms’ payment performance for three straight quarters, and more companies were also slow in payment compared to the last quarter a year ago, according to Singapore Commercial Credit Bureau (SCCB). SCCB in a statement issued on Tuesday said that prompt payments slid 4.48 percentage points […]
Read MoreDespite permission to export Myanmar produced gold and gold jewellery, local traders have not taken advantage of the opportunity due to the withholding taxes involved, insiders said. Traders are expected to pay a withholding tax of 2 percent on the amount of gold they wish to export. “At that level of taxes, it is no […]
Read MoreThe National Bank of Cambodia (NBC) will continue to promote the development of the Fourth Industrial Revolution in the Kingdom’s financial sector, according to its Macro-economic and Banking Sector Development in 2018 and Outlook for 2019 report released last week. The report said the continuing development of human resources and technology is important for maintaining […]
Read MoreVIETNAM should become one of world’s top 15 most developed agricultural nations in the next 10 years, said Prime Minister Nguyen Xuan Phuc. He made the statement at a meeting on reviewing works last year and launching tasks for this year for the Ministry of Agriculture and Rural Development (MARD) held on Thursday in Hanoi. […]
Read More
Thailand
