The Bank of Thailand (BoT) has slashed its economic growth projection for this year again to 0.7% as the third wave of Covid-19 has had a more severe impact on the country’s economy since the central bank conducted its earlier projection. The BoT’s Monetary Policy Committee (MPC) meeting on Wednesday decided to cut GDP growth […]
Read MoreThe COVID-19 pandemic not only creates challenges for banks, but also pushes them to foster digital transformation to survive, experts have said. A recent survey by the State Bank of Vietnam found that 95 per cent of credit institutions in Vietnam have either implemented digital transformation strategies or are in the process of formulating them. […]
Read MoreSINGAPORE – Hong Kong’s ESR Cayman will buy the entire share capital of Singapore-based ARA Asset Management (ARA) for US$5.2 billion ($7 billion), the companies said on Thursday (Aug 5). This will create Asia Pacific’s biggest real asset fund manager and the world’s third-largest listed real estate asset manager. If the deal goes through, the combined entity […]
Read MoreJAKARTA (Reuters) -Indonesia pulled out of recession in the second quarter, reporting its strongest annual growth rate in 17 years, but analysts warned its economic recovery will suffer a setback due to a recent surge in COVID-19 infections. Southeast Asia’s largest economy grew 7.07% in the April-June quarter compared with a year earlier, its first […]
Read MoreThe government expects private investment in the state flagship Eastern Economic Corridor (EEC) scheme to reach as much as 2.5 trillion baht in 2027, playing a key role in driving economic growth during that period. Kanit Sangsubhan, secretary-general of the EEC Office, said his office is feeling upbeat that private investment in the EEC will […]
Read MoreSouth Korea continues to be Vietnam’s largest foreign investor with an accumulated registered capital of US$72 billion in 9,100 projects. While the FDI into Vietnam declined by 2.5% for the first half of the year, the country remained a favorite destination for South Korean investors with a surge in investment inflow of 43.6% year-on-year. Lee […]
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Thailand
