Thai banks’ profitability will deteriorate as interest rates stay low for a prolonged period as the central bank maintains a loose monetary policy to fight the sharp economic downturn caused by the coronavirus outbreak, says Moody’s Investor Service. Narrowing net interest margins (NIMs), combined with weakening loan growth, will reduce net interest income, the main […]
Read MoreMANILA, Philippines — Exports rose in September, the first time since February, boosted by demand from China which is already recovering from the pandemic, the Philippine Statistics Authority (PSA) reported yesterday. Total export sales grew by 2.2 percent to $6.22 billion in September, coming from a 12.8 percent annual decline in August when outbound sales […]
Read MoreManufacturing activity declined further in October as manufacturers cut back on production and reduced workforce amid weak demand, showing further signs of sluggish economic recovery in the fourth quarter. The manufacturing gauge Purchasing Managers’ Index (PMI) survey data published by IHS Markit on Monday showed that the PMI had risen from 47.2 in September to […]
Read MoreForeign direct investment (FDI) applications fell 29% in the first nine months of this year to 118.5 billion, as investors were deterred by the pandemic. The Board of Investment reported on Wednesday the number of foreign direct investment applications totalled 657 projects, compared with 665 projects in the same period of last year. Japan remains Thailand’s […]
Read MoreThe Women’s Aid Organisation (WAO) and gender equality-focused social enterprise Engender Consultancy would like to reiterate the importance of Budget 2021 in tackling the gender gaps in our society that have been worsened by the Covid-19 pandemic. Safeguarding women’s safety from violence, women’s employment, and women’s and girls’ access to healthcare must be front-and-centre in […]
Read MoreThe government through the Commerce Ministry looks set to organise the final discount scheme of the year covering more than 13,000 product items nationwide in November, a move to help lower costs of living for the people. According to Commerce Minister Jurin Laksanawisit, the seventh campaign in which the ministry has partnered with modern trade, […]
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Thailand
