The Bank of Thailand (BoT) left its key interest rate unchanged at a record low on Wednesday, as widely expected, but slightly lowered its 2021 GDP growth forecast after a second wave of coronavirus infections hit economic activity. The economy continues to rebound but the risks remain high, the central bank said in a statement, […]
Read MoreThe Monetary Policy Committee (MPC) will likely keep its key interest rate unchanged on Wednesday at an all-time low to save limited policy space while also cutting its growth forecast for the year. All 25 economists surveyed by Bloomberg expect the Bank of Thailand’s commitee to keep the policy rate at 0.5% for a seventh […]
Read MoreAddressing financial affairs, particularly public debt and financial leaks, is one of the seven urgent issues that the government will tackle over the next five years. Newly-elected Prime Minister Phankham Viphavanh highlighted the seven concerns when presenting a draft of the 9th five-year National Socio-Economic Development Plan for 2021-25 and State Budget Plan for 2021-25 […]
Read MoreSINGAPORE: Singapore’s February main price gauge turned positive for the first time in a year, fuelled by an increase in services costs and higher food inflation, data showed on Tuesday. Core inflation – the central bank’s favoured price measure – was up 0.2% in February from a year earlier. A Reuters poll of economists had […]
Read MoreThe Ministry of Economy and Finance (MEF) and the National Bank of Cambodia (NBC) called on real estate developers to ease payments conditions for their customers during the COVID-19 pandemic. According to a joint statement, in the context of Coronavirus, the government has called on real estate developers to look at waiving penalties for late […]
Read MoreKUALA LUMPUR: European and US companies ranked Malaysia second most favourable Southeast Asian country for opportunities to establish or expand their sourcing, selling or operations over the next six to 12 months. According to a Standard Chartered study, “Borderless Business”, chief financial officers (CFOs) and treasurers in the US, the UK, Germany and France indicate […]
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