Travel agents are urging the government to open the country to international tourists in July by first allowing coronavirus-free nations to visit without the compulsory 14-day quarantine, along with requiring a health certificate and providing a free rapid test on arrival. Vichit Prakobgosol, president of the Association of Thai Travel Agents (Atta), said that if […]
Read MoreThe National Bank of Cambodia (NBC) yesterday asked commercial banks and microfinance institutions to send it the smallest US dollar banknotes because it considers them difficult to manage and “there is little demand for them”. The NBC said it will give a three-month deadline (June 1 to Aug 31) for all commercial banks and microfinance […]
Read MoreBank Indonesia (BI) has injected an additional Rp 167.6 trillion (US$11.33 billion) this month to stabilize the currency and financial system, projecting the rupiah to strengthen to pre-pandemic levels. BI Governor Perry Warjiyo said on Wednesday that the central bank aimed to provide liquidity in banks and the money market, as well as stabilize the […]
Read MoreThais are turning to banks as a safe haven, adding deposits at a record pace in the Covid-19 era. While that’s a vote of confidence, the lenders are likely to face a hard time putting all the funds to good use. Total deposits at all commercial banks surged by 833 billion baht in March, a […]
Read MoreDuring the first three weeks of this month, from May 4 to 24, around 398,099 tourists visited various tourist destinations across the country, according to Minister of Tourism Thong Khon. Among them, he said, 390,922 were domestic tourists, while 7,177 others were foreign tourists. Only for the third week, from May 18 to 24, there […]
Read MoreThailand’s economy in 2020 will face its longest period of contraction since the Asian financial crisis of 1997-98. The economy shrank by 1.8% year-on-year in the first quarter, from growth of 1.5% a year earlier, as weak exports, public consumption and investment dragged on headline growth. Consecutive quarter-on-quarter GDP declines — 2.2% in the first […]
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Thailand
