Economics/Business

Thailand Investor Darling, Group Lease Takes Another Hit

Anonymous Equity, the mysterious gadfly organization that a fortnight ago released a devastating report on the troubled Thailand-based hire purchase lender Group Lease, has issued a new report saying it expects...

Today’s Youth Face a Difficult Future, OECD says

It is hardly news that life expectancy is rising in most countries, fertility rates are falling and that income inequality continues to grow almost everywhere. But put all these together and it is alarming just...

Manufacturing jobs depart from Philippines for Vietnam

South Korean companies, the third-largest investor in the Philippines, are increasingly departing for Vietnam and other Southeast Asian destinations, driven by lower costs, red tape and an aversion to Filip...

Thai Authorities Suspend Dubious Hire Purchase Company

Thailand’s Securities and Exchange Commission has requested a criminal probe into the activities of Mitsuji Konoshita, the chief executive officer of Group Lease Plc., suspended it from trading as of Oct. 16, t...

Rogue Bank May Have Lost Fight to Stay Open

Ayoub-Farid, Fadi and Michael Norbert Saab, the beneficial owners of the Tanzania-based FBME Bank, whose Cyprus unit has been described as one of the most notorious money-laundering operations in the world, app...

India’s Modi, Shah, Jaitley Lose Some Bounce

Narendra Modi’s BJP government is looking defensive and rattled, even jittery. For the first time since it swept to power in 2014 it has lost some the bombast and razzmatazz with which Modi has trumpeted countl...

Thai Economy a Study in Contradiction

The Thai economy presents a paradox. On the one hand it can boast about the best-underpinned currency in Asia, with a huge current account surplus and reserves. On the other, domestic demand continues to splutt...

Pakistan’s Costly Plunge into China Debt

Wherever China’s One Belt, One Road initiative goes, it appears that the Chinese lenders including the Bank of China – the government’s flagship bank – aren’t far behind, and that Beijing is using the financial...