Bank of Thailand governor Veerathai Santiprabhob played down Finance Minister Apisak Tantivorawong’s recent comment that commercial banks charge too much interest to small- and medium-sized enterprises (SMEs) compared to large corporates, saying SMEs enjoy competitive rates. SMEs are typically charged interest rates based on the minimum lending rate (MLR) plus a risk premium, but banks have […]
Read MoreThe Hanoitimes – Consumer price index (CPI) in March up 0.97% compared to last December, taking the average CPI in first quarter at 2.82% higher than that in 2017. The said growth rate is around the predicted figure and under the control of the government in maintaining the average inflation rate at 4%, assessed the Deputy […]
Read MoreLast year, U Kyaw Win, the planning and finance minister, proclaimed that Myanmar’s economy is like a plane at full throttledown the runway, ready to take off. “Myanmar is like a plane running on the runway in 2016, but it is ready to take off in 2017.We will prevent [tackle] the monopoly which has persisted […]
Read MoreKUALA LUMPUR: The digital transformation impact on the economy is expected to significantly increase by RM400bil by 2025, said Malaysia Digital Economy Corp (MDEC) CEO Datuk Yasmin Mahmood (pic). In 2016, the digital economy contribution to Malaysia’s gross domestic product (GDP) was 18.2%. According to the Department of Statistics, the nation’s economy in 2016 had a […]
Read MoreBANGKOK: A seasonal downturn in Thailand’s baht driven by dividend outflows and a lack of tourists could be worse than usual this year amid rising global bond yields and less liquidity, according to Kasikornbank Pcl. A dropoff in tourists after the Songkran festival in mid-April and payouts to foreign stock investors usually spell declines for the […]
Read MoreMANILA, Philippines — The national government borrowed P47.66 billion from domestic and foreign lenders in January, nearly 22 percent higher than the P39.13 billion recorded in the same period in 2017, according to the Bureau of the Treasury (BTr). Of the amount, P19.98 billion came from foreign lenders, slightly lower than the P20.04 billion recorded […]
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Thailand
