Economy and commerce
Banking and financial services
E-tax to help provide B100bn in VAT
The electronic tax and single financial account scheme are expected to boost value-added tax by at least 100 billion baht a year, Thailand’s Revenue Department has said. Keep reading ...
Vietnam's bad debts decline to 2.9 percent of loans in 2015
Bad debts in Vietnam’s banking sector declined to 2.9 percent of loans at the end of 2015, from 3.7 percent a year earlier, the government’s National Financial Supervisory Commission said on March 14. Keep reading ...
Public debt drops B24.3bn in January
Public debt dropped by 24.3 billion baht in January from the month before, leaving the country owing of 5.98 trillion baht, according to latest data released by the Public Debt Management Office in Thailand. Keep reading ...
FMI stock exchange debut set for March 25
First Myanmar Investment will begin selling its shares on the Yangon Stock Exchange on March 25, becoming the first company to list on the country’s first modern bourse, which officially opened last December, according to the Securities and Exchange Commission chair. The local conglomerate which is ...
Myanmar licenses four more banks
Myanmar has granted operating licences to four more Asian banks, bringing to 13 the number of foreign banks allowed to conduct business in the country. Keep reading ...
A clearer picture for lenders
The double-digit growth of consumer lending in Cambodia has created a need for a comprehensive and centralised database of individual credit histories. The Post’s Cam McGrath sat down with Pascal Ly, CEO of the Credit Bureau Cambodia (CBC), to discuss the role of the Kingdom’s only ...
Interest rate race has Vietnamese businesses on edge
In anticipation of the central bank’s possible move to further limit the use of short-term deposits for loans, banks in Vietnam have rushed to attract savings with higher interest rates, starting a competitive race that might soon hurt many borrowers. Latest figures from the central bank’s ...
High Court to hear ATM fraud allegations
Five foreigners accused of multiple offences of fraud involving the use of fake bank cards or electronic equipment to withdraw cash can be tried together, Yangon Region’s High Court has decided. The decision means that the cases of a British man and four Indian citizens will ...
Vietnam's credit institutions asked to up lending to boost business
State Bank of Vietnam Governor Nguyen Van Binh on 17 February asked credit institutions to boost lending right after Tet (Lunar New Year) in a move to support businesses. Under Directive No819/NHNN-VP, the Governor asked the institutions to effectively enhance their capital mobilisation to be able to ...
Mammoth year in Cambodia's microfinance sector
Cambodia’s microfinance sector experienced another year of explosive growth, with both lending and deposits surging over 40 per cent in 2015, according to new data by an industry association. An annual performance sheet released on 18 February by the Cambodian Microfinance Association showed its membership – comprising ...
