Thailand should boost human capital investment to increase its global competitiveness index ranking after dropping to 40th this year from 38th last year, says an academic. Asst Prof Wilert Puriwat, dean of Chulalongkorn Business School, said the government and the Education Ministry are the key players for improving human resources. “Upgrading human capital is the […]
Read MoreThe Energy Ministry plans to dust off 50 unfinished power projects under the 2013 Quick Win initiative to be promoted under the Energy for All scheme for community-owned power projects. “This is faster than launching 10 pilot projects under the scheme by June 2020,” said Energy Minister Sontirat Sontijirawong, presiding over the first round of […]
Read MoreThe Bank of Thailand insists that banks, under the new financial accounting standard, can extend fresh working capital loans to commercial loan defaulters who are in the debt restructuring process without loan-loss provision requirements for the new loans. According to Thai Financial Reporting Standard 9 (TFRS 9), due to take effect next year, working capital […]
Read MoreThe Energy and Mineral Resources Ministry aims to distribute next year around 9.6 million kiloliters of fatty acid methyl ester (FAME), a critical ingredient for biofuel, a ministry official has said. “The target has been approved by [the ministry’s acting oil and gas director] Djoko Siswanto but not yet by the minister,” bioenergy director Andriah […]
Read MoreMANILA, Philippines — The yields of term deposit rates further dropped across the board as banks continued to swarm the liquidity absorption facility of the Bangko Sentral ng Pilipinas (BSP) after a series of interest rate cuts. The seven-day tenor fetched 4.2348 percent, or 1.53 basis points lower than last week’s 4.2501 percent, while the […]
Read MoreThe Bank of Thailand’s rate-setters see the need to keep monetary policy stable to cushion against possible future risks, according to the edited minutes of the Sept 25 meeting. Some committee members thought a policy rate cut might not lend significant additional support to economic growth, given the already accommodative monetary policy, compared with the […]
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