IMF, Pakistan reach staff-level agreement on final bailout review
Nathan Porter, IMF mission chief in Pakistan, said ongoing policy and reform efforts are required to address economic vulnerabilities but the new government “is committed to…
Business
Thailand ranks 2nd in Asia, 37th globally, in Global Opportunity Index
The index is based on 100 indicators classified into five categories: Business perception, economic fundamentals, financial services, institutional framework, and international…
Will Kakao Bank secure footing in untapped Thai market?
Earlier this month, Thailand’s Ministry of Finance confirmed regulations for authorizing virtual banks, the equivalent of internet lenders in Korea.
Multilingual Alipay to enhance foreigners’ e-payment experiences
Alipay is allocating more resources to roll out translation services in 16 languages, including English, French, Spanish, German, Italian, Portuguese, Russian and Japanese.
South Korea’s drugmakers feeling pinch from doctors’ walkout
According to several sources, drug companies are noticing decreases in use of antibiotics, intravenous fluids and injections used in medical operations, mainly as large hospitals…
UTCC slashes Thailand 2024 growth forecast from 3.2% to 2.6%
The big cut by the university’s Centre for Economic and Business Forecasting was mainly due to the global economic slowdown, explained UTCC rector Thanawat Phonwichai.
China to grant foreign investors greater access to its markets
To broaden market access, the country will remove restrictions on foreign participation in the manufacturing sector and increase openness in sectors such as telecommunications and…
Securities watchdog imposes lifetime ban on Evergrande founder
The regulator will also fine Xu Jiayin, founder and former chairman of China Evergrande Group, 47 million yuan (US$6.53 million) for involvement in serious financial fraud.
Bangladesh’s Pragoti to assemble and sell Kia sedan by this year
For about a decade now, state-run Pragoti Industries has been seeking approval to assemble sedans with engine capacities of within 1600cc to make the cars more affordable for…
India to source onion from domestic market to export to Bangladesh
This will be the first official export of the key kitchen staple from India in more than three months since India banned its export from December 8 to March 31.