Economy

Malaysia’s largest listed banking group MALAYAN BANKING BHD (Maybank) has cautioned about its “extremely tough” prospects and the possibility of future margin compression ahead, as it started the 2020 financial year (FY20) with modest loan growth and a fall in total deposits. The bank, which is also the fourth largest bank by assets in South-East Asia, thus proposed theoretically lowering …

The Social Security Organizing Agency (BPJS) Healthcare again reminded about the provisions of fines for participant arrears who will reactivate their membership. The payment of the fine must be made by the participant or employer 45 days after the membership is active again. BPJS Healthcare participants will be temporarily revoked if membership is in arrears. This is in accordance with …

Minister of State-Owned Enterprises (SOEs), Erick Thohir, said that in the future there would be no more SOEs to build universities. He invited SOEs to cooperate with existing universities. Because the university currently has many discoveries that are not contained. “Yesterday I said that there was no SOE that wanted to make a university, but we and the university did …

British Grocery chain giant Tesco has found abuses against migrant workers at its Tesco-lotus stores and distribution centres in Thailand and Malaysia. Tesco based the allegations on interviews with 187 migrant workers in Thailand and 168 workers in Malaysia. The abuse of migrant workers included passport retention; unexplained and illegal wage reductions; heavy indebtedness to labour brokers; and excessive overtime …

Thailand’s government’s covid-19 watchdog has overruled the Civil Aviation Authorities plans to reopen the Phuket International airport on Saturday. The unexpected move came less than 24 hours before the Phuket airport was due to begin welcoming the first inbound flights. The Civil Aviation Authority of Thailand on Thursday gave the airport clearance to resume operating. The Phuket International airport had …

Those donating to shared food pantries had to be more careful. Especially managing the situation better so that they are not hit in a similar manner. Video clips are popping up on Twitter and Facebook of people selfishly pillaging food pantries throughout Thailand. Over the past few days, numerous online posts reported cases of the donations being looted from food pantries. Many …

Laos in partnership with China has submitted plans to to the Mekong River Commission (MRC) to build yet another new hydropower dam on the Mekong River. Construction is expected to start later this year, the Mekong River Commission (MRC) said on Monday. The Sanakham dam hydropower plant, with an estimated cost of US$2.073 billion, will be developed by Datang Sanakham …

“A community pantry has no ownership. Once it is set up, it belongs to that community,” “None of the items belong to us once we put them in the pantry.” Please don’t be greedy.. As “Community pantries” continue to rise in Thailand some Thai netizens Thai are asking whether it is worth donating food. The netizens comments come after another …

In a bid to ease debt-repayment burden on borrowers as well as minimise the number of non-performing loans, the central bank has come up with a new method of calculating interest.  This new method of calculating interest charged on overdue debt was enforced on May 1, Thanyanit Niyomkarn, the Bangkok of Thailand’s assistant governor, said on Friday (May 8).  She …

HANOI – According to the Central Bank, The Vietnamese Dong currency may likely get hit due to a weaker foreign direct investment inflow forecast caused by the Covid-19 pandemic. Fitch Solutions experts predicted the currency to be at around VNĐ23,475 per US dollar this year and VNĐ23,650 in 2021 from the current rates of VNĐ23,309 to 1 USD. “We maintain …