KUALA LUMPUR: The ringgit continued Tuesday’s downtrend to be lower against the US dollar early Wednesday as the greenback strengthened on the possibility of another interest rate hike before the year-end, dealers said. At 9 am(0100gmt), the local unit depreciated to 4.2150/2190 from 4.2050/2080 recorded at 6 pm Tuesday. The US dollar appreciated overnight following […]
Read MoreFINANCE MINISTER Apisak Tantivorawong has insisted on waiving withholding tax levied on interest-based income in an excess of Bt20,000 on concerns over the possible impact on depositors, according to Revenue Department director-general Prasong Poontaneat. Prasong said the department will not abolish its exemption of withholding tax levied on the excessive amount of interest-based income of […]
Read MoreHANOI — Overnight interest rates in the inter-bank market hit a two-month high but liquidity of the banking system remained stable, a report from SSI Retail Research showed. According to the report, inter-bank rates last week increased for the past two consecutive weeks, pushing the overnight rate to hit two-month high of 0.9 per cent, […]
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Thailand
