The Bank of Thailand’s rate-setting panel does not need to follow in the footsteps of the US Federal Reserve by raising its policy rate, while the exodus of foreign investors is not worrisome, says Finance Minister Apisak Tantivorawong. Thailand has high foreign reserves and can cushion the impact of persistent capital outflows, he said. The slightly […]
Read MoreThe Hanoitimes – Platinum Victory has completed the purchase of 8.35 million shares in Vietnam Diary Products Company, known as Vinamilk, announced the fund. The shares purchased was part of the 14.51 million units Platinum Victory had registered to buy in from May 9 to June 7. However, due to the unfavorable conditions of the market, […]
Read MoreThe central bank is expected to leave its policy interest rate near the record low again on Wednesday to encourage more broadly-based economic growth at a time inflation remains low. All 21 economists in the poll predicted the Bank of Thailand (BoT)’s monetary policy committee (MPC), unlike some Asian central banks that have hiked this […]
Read MoreThe Hanoitimes – Vietnam`s vision of attaining high-income country status by 2035 means a move to a more sophisticated economy and export products necessary to sustain accelerated growth, said the World Bank`s latest report titled Taking Stock. Trade costs and competitiveness as reform priorities Vietnam reached the highest trade-to-GDP ratio in the developing world at 190% […]
Read MoreNearly one-third of Thai employees are likely to leave their firms in the next 12 months as a result of digital transformation, according to a recent survey commissioned by Workday, a cloud-based human resource and financial application company. The study, titled “The Drive for a Digitally Enabled Workforce”, found that 63% of employees in Thailand expect […]
Read MoreThe next Cambodia, Laos, Myanmar, Vietnam (CLMV) Summit will be held in Vientiane in 2020 when Laos will chair the summit, while Cambodia will chair the 9th Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) Summit. The host countries for the next summits were announced after the close of the 8th ACMECS and 9th CLMV summits held […]
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