Steady boost of Chinese and Filipino Expats in Thailand

Thailand’s dominant expatriate nationality is Japanese. Currently Japanese make up 18% of expatriates in Thailand (28,560 as of Q3 2020). However, the Japanese expatriate numbers are decreasing. According to research by leading international property consultant, CBRE, Chinese expatriate numbers are rising. The rise due in part to China shifting some of its manufacturing overseas. The same research also indicates a steady rise in Filipino expatriates as well. The increase is in-line with the demand growth for English teachers in the Kingdom.

BNM vows targeted repayment assistance for MY businesses and homes

BNM assured its commitment of assistance to business and household in debt. The announcement came on the last day of the automatic moratorium. The moratorium ended yesterday, 30th September. These include a targeted extension of the moratorium, as well as repayment flexibilities to help borrowers based on their specific financial situation. This targeted assistance approach ensures that more resources are available to assist those who are vulnerable. It also enables the banking sector to better support the broader economy through continued lending.

DBS BANK SCORES A HATRICK BY BEING NAMED WORLD’S BEST BANK FOR THIRD TIME IN A ROW

DBS has been recognised as the World’s Best Bank for the third year in a row, underscoring the bank’s growing presence among banking leaders worldwide. DBS’ latest global best bank accolade comes from the New York-based financial publication Global Finance, which named DBS’ Best Bank in the World’ for the second time in three years in its World’s Best Global Banks 2020 Awards.

FORMER MEGAN MEDIA EXECUTIVE CHAIRMAN SENTENCED TO PRISON

The Court of Appeal today affirmed a 2017 Sessions Court conviction of former Executive Chairman and Director of Megan Media Holdings Berhad (Megan Media), Dato’ Dr. Hj. Mohd Adam bin Che Harun for furnishing false information to Bursa Malaysia in 2007.The panel judges comprising Datuk Seri Kamaludin Md. Said, Datuk Ravinthran Paramguru and Dato’ Indera Sofian bin Tan Sri Abd. Razak unanimously dismissed Dato’ Adam’s appeal and reinstated a jail sentence of 18 months and a fine of RM300,000.