Thailand’s world competitiveness ranking slipped three spots this year, mainly due to government inefficiency and budget deficits. According to the latest edition from the World Competitiveness Center, a research group at IMD business school in Switzerland, Thailand’s ranking fell to 30th from 27th in 2017. The top five most-competitive economies in the world remained the […]
Read MoreIN THE strongest public reprimand from Singapore regulators over digital tokens, the Monetary Authority of Singapore (MAS) has stopped an unidentified issuer of an initial coin offering (ICO) from continuing with its fund-raising bid, which was deemed as having broken rules governing securities and futures contracts. It is understood that the warning comes after the […]
Read MoreMYTEL, which this year became the fourth telecommunications operator to enter the fast-growing Myanmar market, plans to have its services cover more than 95 per cent of the country’s population in three years, a company executive said. Zaw Min Oo, chief external relations officer at Mytel, said the firm would provide Myanmar’s first all-4G network, […]
Read MoreMANILA, Philippines — Multilateral lender Asian Development Bank (ADB) said the faster increase in consumer prices should not be a cause for concern in the Philippines as monetary authorities are doing everything to curb rising inflationary pressures. ADB director general Ramesh Subramaniam said the recent inflation uptick should not be a cause for concern because […]
Read MoreFinance Minister Sri Mulyani Indrawati said the significant increase of the Idul Fitri Holiday bonus for civil servants, military personnel, police officers and pensioners would increase consumption, particularly in middle-class households. She said in Jakarta on Thursday that the government had tried to improve purchasing power for low-income families through several social programs, including village-fund […]
Read MorePETALING JAYA: Inflationary pressure is expected to remain subdued in the near term, which will allow Bank Negara to maintain the overnight policy rate (OPR) at the current level this year. AmBank Group chief economist Anthony Dass said he believed the potential inflationary pressure from the cost side would remain subdued due to the absence […]
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Thailand
