The National Commercial Arbitration Centre of the Kingdom of Cambodia (NCAC), an independent not-for-profit organisation, will implement its new rules and fee structures today. The organisation has seen and administered 27 proceedings worth approximately $80 million since its founding. The new rules aim to make the NCAC a more viable solution for businesses to settle […]
Read MoreThe private sector is calling on the government to roll out relief measures to lessen the impact of the latest Covid-19 control measures which come into effect today, including a ban on dining-in at restaurants across high-risk areas. Published on the Royal Gazette‘s website late on Saturday night, the restrictions apply to Bangkok, Nakhon Pathom, Nonthaburi, Samut […]
Read MoreThe baht opened at 31.82 to the US dollar on Monday, weakening from Friday’s closing rate of 31.78. The Thai currency is likely to move between 31.75 and 31.90 during the day and between 31.60 and 32.10 within this week, Krungthai Bank market strategist Poon Panichpibool said. He said that the baht tended to weaken […]
Read MoreMANILA, Philippines — After leaving interest rates unchanged at all-time lows, the Bangko Sentral ng Pilipinas (BSP) is expected to be one of the last central banks in the ASEAN to adjust its interest rates. UK-based Pantheon Macroeconomics said the BSP is likely to be one of the last central banks in ASEAN to start […]
Read MoreThe Stock Exchange of Thailand (SET) Index fell by 9.38 points, or 0.59 per cent, to 1,573.29 on Monday morning. The SET Index closed at 1,582.67 on Friday, down 3.05 points or 0.19 per cent. Transactions totalled THB68.1 billion with an index high of 1,596.16 and a low of 1,577.63. Krungsri Securities has forecast that […]
Read MoreParliament has approved an emergency decree to amend the Civil and Commercial Code to reduce the interest rate charged for loan defaults which has been used for almost a century. Finance Minister Arkhom Termpittayapaisith said the law would be amended during the prolonged Covid-19 pandemic to help debtors who are having to pay interest as […]
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Thailand
