Category Archives: Production

Thailand’s Central Bank Worries Over Rapid Appreciation of Baht

BANGKOK, Dec 2 (Bernama) — The Bank of Thailand’s (BoT) Monetary Policy Committee (MPC) has expressed concern over the rapid appreciation of the baht and will consider necessary measures to ensure the exchange rate movements will not be an obstacle to economic recovery. According to minutes of its policy meeting on Nov 18 published Wednesday, the committee would closely monitor

MAS bans two former insurance agents for dishonest conduct

Singapore, 2 December 2020… The Monetary Authority of Singapore (MAS) has issued prohibition orders (POs) against two former insurance agents for dishonest conduct: Name Duration of POs Mr Chong Yoon Loi, former representative of Aviva Financial Advisers Pte Ltd (AFA)  4 years Mr Suresh Kannan, former representative of The Great Eastern Life Assurance Company Limited

Malaysian Businesses Expects Pre-Covid Profitability by End-2022

KUALA LUMPUR, Dec 1 (Bernama) — Malaysian businesses are coping relatively well despite current challenges and are expected to return to pre-COVID-19 profitability levels by the end of 2022. HSBC’s global survey ‘Navigator: Now, next and how’, which surveyed 200 companies in Malaysia, reveals that 76 per cent of them expect to return to pre-COVID-19

Non-Bank Financial Institutions to have Access to FAST and PayNow

Singapore, 30 November 2020… The Monetary Authority of Singapore (MAS) announced today that eligible non-bank financial institutions (NFIs) will have direct access to the banking system’s retail payments infrastructure from February 2021. NFIs that are licenced as major payment institutions under the Payment Services Act will be allowed to connect directly to Fast and Secure

MAS Orders Removal of Eagle Hospitality REIT Manager

Singapore, 30 November 2020…  The Monetary Authority of Singapore (MAS) announced today that it has directed DBS Trustee Limited (Trustee), in its capacity as the trustee of Eagle Hospitality Real Estate Investment Trust (EH-REIT), to remove Eagle Hospitality REIT Management Pte Ltd (EH-REIT Mgt) as the Manager of EH-REIT, and to appoint a new manager

China Focus: China-ASEAN Expo Opens, Featuring Digital Economy, RCEP

NANNING– The 17th China-ASEAN Expo and China-ASEAN Business and Investment Summit, kicked off yesterday, highlighting booming digital economy cooperation and the implementation of a recently signed major trade pact.   Chinese President, Xi Jinping, called for cultivating a closer community with a shared future for China and the Association of Southeast Asian Nations (ASEAN), when

ASEAN Officials, Businessmen Laud China-ASEAN Expo For Deepening Regional Cooperation, Free Trade

NANNING-The ongoing 17th China-ASEAN Expo (CAEXPO), significantly deepened regional cooperation and will further facilitate free trade, following the signing of the landmark Regional Comprehensive Economic Partnership (RCEP), the world’s biggest trade pact, senior officials and businessmen from the ASEAN countries, said.   The expo, held from Nov 27 to 30, in Nanning, capital city of