Major banks

Academics have slammed the military’s iron grip on cyberspace following the 2014 coup. Surveillance and crackdown measures are creating a climate of fear and self-censorship, they argued. Since last year’s coup, the army has taken many steps to tackle content deemed sensitive or critical of the ...

Vietnam’s annual credit growth this year is expected to quicken to 18 percent, beating a previous government target of 17 percent, the State Bank of Vietnam said on 24 December. Keep reading ...

Central bank heads of Cambodia and Laos met on 7 December in Phnom Penh to discuss ways of strengthening cooperation of their banking sectors. Keep reading ...

The state-backed Government Savings Bank (GSB) is seeking Finance Ministry approval to expand a 100-billion-baht soft loan scheme for small and medium-sized enterprises by 50 billion. The extra amount reflects pent-up demand after 100 billion baht was already taken out, said GSB president and chief executive Chatchai ...

The ire of MPs over the 11.95 percent supplementary budget request from the outgoing government was directed on 3 December toward the Central Bank. While its request for K59.059 billion represents just 2.3 percent of the K2.464 trillion budget proposal, MPs said it was a prime example ...

Most Cambodians continue to have low financial literacy even as an increasing number of them are beginning to embrace the formal banking sector, according to a recent Standard & Poor’s report. The international credit rating firm’s Global FinLit Survey showed that only 18 per cent of ...

Concerns about the private sector’s revenue and debt servicing ability have been raised at a joint meeting of two Bank of Thailand committees. The Monetary Policy Committee and the Financial Institutions Policy Committee held a joint session on 30 November to discuss financial developments and risks to financial ...

Thailand’s trade and investment will benefit in the long run from inclusion of the yuan in the special drawing rights currency basket of the International Monetary Fund (IMF), says a senior central bank official. Greater use of the Chinese currency would help to slim down foreign ...

The State Bank of Vietnam said it will not lower interest rates any time soon even though inflation has been slowing down.   Bank deputy governor Nguyen Thi Hong told a press conference late last week that low inflation is only one of many factors that have ...

Inflation, flood relief and the depreciation of the kyat against the US dollar have prompted parliament to consider a government request for almost US$2 billion in supplementary funding for the current fiscal year. The additional cash, however, poses significant risks of overheating the economy by ...