SET-listed Home Product Center Plc (HMPRO) is considering expanding to neighbouring countries with a total investment budget of 6-7 billion baht, says Rakpong Aroonwatdhana, HomePro’s head of investor relations. The new investment will come from two sources, 2-3 billion baht from its own cash flow of and the rest will come from loans. HomePro operates […]
Read MoreKasikornbank plans to upgrade its banking operations in three overseas markets — Myanmar, Vietnam and Indonesia — over the next two years in a bid to strengthen its regional position. KBank’s executive vice-president Pattarapong Kanhasuwan said the bank is considering several business models to match the demand and landscape of each market. “We hope to […]
Read MoreMyanmar has given approval for Total E&P Myanmar Co to hold a 50% stake in the Myanmar MD-7 project in which PTT Exploration and Production Plc (PTTEP) has the other 50%. Total was experienced in worldwide petroleum exploration and development and it will help to reduce risk and add value to the project, said Somporn […]
Read MoreA strong and robust banking sector is vital for developing a national economy. However, businesses in Myanmar are still facing difficulty getting help and support from banks. High bank interest rates and using collateral for loans have put businesses in a difficult position. Union Minister for Ministry of Planning and Finance U Kyaw Win said […]
Read MoreThe Central Bank of Myanmar will make it compulsory for local private banks to grant a minimum percentage of their loans to the agricultural sector and the small and medium-sized enterprises (SMEs) sector, Central Bank director general U Win Thaw told the Myanmar Times. If Myanmar’s economy is to develop, agriculture will need to take off and […]
Read MoreThe Ministry of Planning and Finance has issued a statement on February 19 that income tax will not be levied on interest from bank savings and deposits. The statement means that tax on interest from bank deposits will be exempted in the coming 2017-18 fiscal year. However, interest from bank deposits is not the kind […]
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Thailand
