The Association of Banks in Cambodia (ABC) and the American Chamber of Commerce in Cambodia (AmCham) entered into a Memorandum of Understanding (MoU) on the implementation of the Cambodian sustainable ... ( read original story ...)
Thai economy continued to improve in July, says Bank of Thailand
In July 2020, the Thai economy continued to improve, driven by public spending and the relaxation of lockdown measures both in Thailand and abroad, said Bank of Thailand. ( read original story ...)
EMQ Expands Real-time International Payment Capabilities Across Vietnam
International cross-border payments delivered in minutes through NAPAS network EMQ, a global financial settlement network, announced that it has further expanded its real-time international payment ... ( read original story ...)
Finance ministry calls for drastic measures to boost public capital disbursement
The Finance Ministry has asked for synchronous and drastic measures from the entire political system, ministries, agencies, and localities to step up the disbursement of public investment capital. ( read original story ...)
The Latest: Philippines allows partial reopening in capital
Fitness gyms, barber shops and internet cafes were allowed to reopen partly in the Philippine capital Tuesday as the government further eased quarantine restrictions despite the country having the ... ( read original story ...)
Indonesia Draft Bill Seeks Government Role in Central Bank
Indonesia’s parliament may soon discuss sweeping changes to a law governing the nation’s central bank that includes setting up a new monetary board led by the finance minister and expanding the bank’s ... ( read original story ...)
Genworth gets ‘satisfactory information’ that China-based company could finance $2.7 billion acquisition
Genworth Financial Inc. said late Monday that it will proceed with its long-delayed acquisition by China Oceanwide Holdings Group Co. Ltd. after the China-based company showed that it could raise ... ( read original story ...)
China’s corporate debt is a greater risk for its economy than household debt: UOB
Suan Teck Kin of United Overseas Bank discusses China's economic recovery from the coronavirus outbreak and the yuan. ( read original story ...)
China’s Big Banks Face Fallout as Pandemic Forebearance Expires
BEIJING/SHANGHAI (Reuters) - China's largest state-owned banks are readied for rising bad debt and increased margin pressure in the months ahead as forbearance policies designed to give borrowers ... ( read original story ...)
A private survey shows China’s manufacturing sector expanded in August at the fastest pace in nearly a decade
Results of a private survey on Tuesday showed China's manufacturing activity expanded in August, with the Caixin/Markit manufacturing Purchasing Managers' Index coming in at 53.1. ( read original story ...)