Thai lenders step in after Myanmar blocks foreign currency repayment
Thai businesses have been advised to seek funding sources in Thailand or other countries after the Central Bank of Myanmar suspended loan repayment in foreign currencies.
Finance
Cryptocurrencies should be prohibited: Indian Finance Minister
The minister also said that the Indian government is looking for an international collaboration if such a ban or regulation was to be put into effect.
Chinese regulator stresses banks’ role in delivery of presold homes
As of mid-July, homebuyers in about 150 property projects across multiple cities refused to make mortgage payments due to delayed delivery of their presold homes.
THB3.99 billion set aside for purchase of Favipiravir, ATK test kits
Proposed by the National Economic and Social Development Council, they are necessary to cope with the current Covid-19 situation, which is expected to worsen.
Chinese investment in Laos tops US$16 billion
A large chunk of investment money has funded the Laos-China railway, the Vientiane-Vangvieng expressway, the Saysettha Development Zone, among other projects.
Vietnam PM calls for safe, healthy development of real estate market
Pointing out limitations of the market, Prime Minister Pham Minh Chinh asked ministries to create a healthy environment for the property market.
S’pore money changers see higher demand for euro, USD amid stronger Singdollar
Central banks globally have also been on a tightening spree to fight inflation.
India accuses China’s Oppo of evading $551 million in import tax
The searches make Oppo the latest Chinese tech company to come under New Delhi's spotlight, after similar raids against Vivo, Xiaomi and Huawei earlier this year.
Lessons from the crypto carnage
A lot of the carnage was also the result of excesses in the cryptoverse that were hidden during the good times but have now been exposed.
G-20 watchdog to propose first global crypto rules in October
The Financial Stability Board has so far limited itself to monitoring the crypto sector, saying the industry does not seem to pose a systemic risk.