Economy and commerce

Banking and financial services

Latest inclusion roadmap targets digital financial services

The change in the new roadmap for Financial Inclusion Roadmap (2018-2022) will involve creating a digital services working group managed by Central Bank and Financial Regulatory Department (FRD), U Zaw Naing, FRD director general, told The Myanmar Times. Keep reading ...

Thailand lags in fintech development in Asia

Thailand ranks seventh out of 10 Asian countries in a Taiwanese consulting firm’s FinTech Competitiveness Index. The country, however, outperforms Malaysia and only lags behind Singapore in terms of regulatory advancement. Keep reading    ...

SUCHIT LEESA-NGUANSUK

TMB and IMG over merger and acquisitions help to Thai companies

TMB Bank and ING Corporate Finance Asia have announced a partnership to provide a full range of services to Thai companies seeking to expand across borders through merger and acquisitions. [] The partnership would help companies across a broad range of industry sectors to expand in ...

Southeast Asia faces more currency risk than rest of region, World Bank says

Malaysia, and to a lesser degree Indonesia, Thailand and the Philippines, remain more exposed to exchange rate risk than other developing economies in East Asia and the Pacific as global financial conditions tighten, the World Bank said. Keep reading   ...

Karl Lester M Yap

Southeast Asia banks urged to amend environment policy

Banks and regulators in Southeast Asia should strengthen financial-sector rules and guidelines to promote funding for environment-friendly projects in a region threatened by deforestation and climate change, the World Wildlife Fund said. Keep reading ...

Chanyaporn Chanjaroen

Ministry warns gold mining companies to pay outstanding debt

There are outstanding 150 viss of gold debts to be paid by over 100 gold mining companies to the government, U Phone Myint, deputy director from No. 2 Mining Enterprise under the Ministry of Natural Resources and Environmental Conservation, told The Myanmar Times. A total ...

SE Asia stocks edgy as Russia sanctions unnerve investors

Most Southeast Asian stock markets were largely tepid on Thursday, as concerns over US President Donald Trump signing the Russia sanctions bill kept investors on edge.Keep reading ...

Forty Chinese banks found in violation of interbank rules

China’s central bank has found 40 banks in violation of interbank account regulations and have ordered them to rectify the problem within three to six months, financial magazine Caixin reported on Tuesday, citing a document. Read more ...

Myanmar should renegotiate expensive loans from China

Myanmar must renegotiate the terms to its existing loans from China, as these loans have saddled the country with the burden of repaying the loans at high interest rates, economists say. Of the US$600 million in foreign debt repayments due from Myanmar this year, interest payments, ...

World Bank Appoints New Director for Region

The World Bank has appointed a new director for Cambodia, Burma and Laos, it said in a media statement on Tuesday. Ellen Goldstein, a 30-year veteran at the bank and previously the director for the West Balkans and earlier for Bangladesh and Nepal, will be ...

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