BANGKOK • Former central bank governor Chatumongkol Sonakul was picked to lead the new Action for Coalition for Thailand (ACT) party yesterday but the retired 75-year-old told The Sunday Times: "I'm not actually actively leading the party as such, day to day."
JAKARTA - Earlier this year, as Japan's Prime Minister Shinzo Abe was considering teaming up with arch rival China to help deliver infrastructure projects under the country's US$1 trillion Belt Road Initiative (BRI), his ambassador to Indonesia was overseeing the finishing touches of an early study to construct a railway between Jakarta and the country's second city, Surabaya.
Many agrarian families find it hard to access financial assistance from institutional banks, especially if they have existing loans. They are often forced to borrow from unregulated moneylenders whose interest rates could go as high as 36 per cent.
JAKARTA - Just a few years ago, when Mr Clifford Lee, head of fixed income at DBS, sounded out potential clients about their appetite for green bonds - debt sold specifically for sustainable purposes like building a wind farm - conversations were short and tended to end with "no".