The Mass Rapid Transit Authority of Thailand (MRTA) is expected to call for bids to construct the Purple Line southern extension in February next year, said governor Pakapong Sirikantaramas. Construction of the extension from Tao Poon to Rat Burana is expected to start in September 2021 and take six years to complete at a cost […]
Read MoreKUALA LUMPUR: Malaysia’s inflation rate in October fell for the eighth month, down by 1.5% on-year due to lower fuel prices,based on the Statistics Department data. According to the statement on Wednesday, the decline in the Consumer Price Index (CPI) was faster than a Reuters’ poll of a fall of 1.4%. In September, the CPI […]
Read MoreThe Hanoitimes – M&A activities in the banking sector are set to heat up in 2021, when the Covid-19 pandemic is fully contained and the majority of Vietnamese banks have completed their restructuring processes. As many Vietnamese banks are looking to raise their registered capital to qualify for requirements on capital adequacy ratio (CAR) under Basel […]
Read MoreThe Thai National Shippers’ Council (TNSC) is urging financial authorities to manage the local currency’s value to hover around 31 baht against the US dollar for trade competitiveness. The baht has appreciated to 30.3 against the greenback and there is a tendency that the local currency’s value could further strengthen to 29.5 next year, said […]
Read MoreGOVERNMENTS with weak social systems and limited scope to raise fiscal spending amid the Covid-19 pandemic could face challenges in tackling income inequality, with Indonesia, Malaysia and the Philippines out in this regard, a report by Moody’s Investors Service said on Tuesday. Although economic growth in the Asia Pacific region has outpaced that in other regions […]
Read MoreMANILA, Philippines — The shock from the coronavirus pandemic may spur income inequality with credit risks for fiscally weak countries like the Philippines, according to Moody’s Investors Service. In a report, Moody’s said governments with constrained fiscal capacity would have limited scope to address pandemic-related social and political strains that could amplify credit risks. Moody’s […]
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Thailand
