The Bank of Thailand has added measures on retail loan restructuring as part of its third phase of debt relief for individual borrowers, aiming to ease hardships caused by the pandemic. The central bank started implementing new measures for debt relief on Friday, including restructuring consumer loans. The rules allow auto hire-purchase loan and car […]
Read MoreIn a first for Asia, Singapore-based DBS Bank announced it would start allowing its private clients to invest in and trade cryptocurrencies with a trust service backed by the bank. The bank will only allow transactions for a small group of the most popular cryptocurrencies: Bitcoin, Ether, Bitcoin Cash and XRP. Last December, DBS launched […]
Read MoreSINGAPORE – Singapore’s non-oil domestic exports (Nodx) expanded at a slower pace in April, with growth supported by non-electronics such as petrochemicals and specialised machinery. Shipments grew 6 per cent year on year last month, continuing the positive growth trend since December, according to data released by Enterprise Singapore (ESG) on Monday (May 17). But […]
Read MoreThe Transport Ministry is gearing up for the resumption of air travel in November. Transport Minister Saksayam Chidchob said after a meeting between the members of the Civil Aviation Board that he had asked the Civil Aviation Authority of Thailand to collaborate with public health agencies, airlines and airport authorities to lay out measures to […]
Read MoreThe Ministry of Public Works and Transport on May 15 said it is preparing to expand Sihanoukville Autonomous Port and set up an Electronic Data Interchange (EDI) system at the Kingdom’s ports to ramp up inventory and logistics control and boost exports. This comes as the government sets its sights on industrial development near the […]
Read MoreBANGKOK (BLOOMBERG) – Thailand’s economic contraction continued into the start of year, setting the stage for a further slump as the country now faces its worst wave of Covid-19 cases. Gross domestic product (GDP) in the first quarter shrank 2.6 per cent from a year earlier, the National Economic and Social Development Council said on […]
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