PETALING JAYA: The risk of Malaysia being excluded from the World Government Bond Index (WGBI) is lower now after Bank Negara’s initiatives and engagements to address investor concerns, RAM Ratings says. However, the possibility of an exclusion from the WGBI still cannot be completely discounted because Malaysia remains on the FTSE Russell’s watchlist for a […]
Read MoreEleven SET-listed commercial banks posted a 1.81% year-on-year increase in consolidated unreviewed net profit for the three months through September, while most of them continued to see an uptick in bad loans. Their aggregate net profit for the July-to-September quarter amounted to 57.8 billion baht. Siam Commercial Bank (SCB) delivered a 40.8% surge in its […]
Read MoreBangkok has been ranked No.1 in the Mastercard Global Destination Cities Index (GDCI) for international overnight visitors for the fourth straight year, and the sixth time in the past decade. Thailand is the only country in this year’s GDCI with three cities in the global top 20 for international overnight visitors (Bangkok, Phuket and Pattaya) […]
Read MoreThe upcoming summit meeting of the Association of Southeast Asian Nations, or ASEAN, will acknowledge economic headwinds. But officials also express hope that a free trade pact will help the global economy. A series of summit meetings of the 10-member ASEAN will begin in Thailand on November 2. The draft of the chairman’s statement obtained […]
Read MoreThe Bank of Thailand is still concerned the baht’s gain relative to trading partners’ currencies could affect the economy to a larger degree amid intensifying trade tensions, according to minutes of the rate-setting committee meeting on Aug 7. The committee believes financial markets will remain highly uncertain going forward because of various factors including prolonged […]
Read MoreIndonesia unexpectedly cut interest rates for a second straight month to spur an economy facing increasing risks from a global slowdown and intensifying trade war. Indonesia unexpectedly cut interest rates for a second straight month to spur an economy facing increasing risks from a global slowdown and intensifying trade war. Bank Indonesia lowered its seven-day reverse […]
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