The financial sector plays an integral role in the well-being of any economy. In fact, it is often regarded as the lifeblood of the economy, as a smoothly functioning financial system is a necessary prerequisite for economic health and growth. When the financial system is healthy, it allows for efficient allocation of credit to businesses and […]
Read MoreThe government will push for completion of the Thai-Sino high-speed railway project linking Bangkok and Nong Khai by 2023 so it can connect to another fast rail project in Laos, said Nathporn Chatusripitak, a spokesman for Deputy Prime Minister Somkid Jatusripitak. The cabinet was informed of the progress of the 608-kilometre rail project Tuesday, Mr Nathporn […]
Read MoreKUALA LUMPUR: Malaysia’s central bank kept its benchmark interest rate unchanged on Tuesday, saying inflation is likely to remain low after the economy slipped into deflation in January. The central bank kept its overnight policy rate at 3.25%, in line with the forecasts of all 22 economists surveyed by Bloomberg. Bank Negara Malaysia has left the rate […]
Read MoreThe Cabinet yesterday agreed to revise the excise tax for electric cars and trucks using diesel B20 to zero per cent and 0.5 to 2 per cent respectively to lessen the problem of particulate dust pollution. Finance Minister Apisak Tantivorawong said after the Cabinet meeting yesterday that the first measure will reduce excise tax for […]
Read MoreFollowing the inclusion of food street as a category in the National Clean City Contest last week, national and provincial authorities plan to set up designated street food areas in each province of the country. Upon request by the Ministry of Tourism and the National Committee for Clean City Assessment, the government decided on Feb […]
Read MoreMANILA, Philippines — It may still be too early to discuss moves to cut policy rates or banks’ reserve requirement ratio (RRR) with the year-to-date inflation still averaging above target, a senior official of the Bangko Sentral ng Pilipinas (BSP) said yesterday. Inflation last February slowed to an 11-month low of 3.8 percent, easing within […]
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Thailand
