Thailand’s central bank left its key interest rate unchanged at a record low on Wednesday, as widely expected, but lowered its 2021 economic growth forecast as the country struggles with a third wave of coronavirus infections. The Bank of Thailand’s (BoT) monetary policy committee voted unanimously to hold the one-day repurchase rate at 0.50% for […]
Read MoreSINGAPORE consumer prices rose at a faster clip in May, up by 2.4 per cent year on year, with a boost from the low base of a pandemic-related downturn the year prior. Headline inflation has now registered its highest level since May 2014. It was a pick-up from 2.1 per cent the month before, and […]
Read MoreKUALA LUMPUR: The World Bank has lowered Malaysia’s GDP growth to 4.5% this year from 6% earlier amid a dramatic resurgence of the Covid-19 virus beginning in mid-April 2021. This recent spike in infections is raising concerns about the overall capacity of Malaysia’s health system and the effects of the ongoing cycle of opening and […]
Read MoreThe government’s lifting of its temporary ban on frozen meat supplies from India is being viewed as a positive development for that nation’s meat exporters. The ban had been put in place last month because of a fear of Covid-19 virus contamination. The Indian Embassy in Phnom Penh maintained a position throughout the ban that […]
Read MoreMANILA, Philippines — The Department of Finance (DOF) is targeting to expand real property tax (RPT) collection of localities to more than P113 billion by 2024 through a multilateral-funded project that seeks to strengthen valuation and collection nationwide. In a statement yesterday, the DOF said it is looking to collect P113.4 billion from RPT in […]
Read MoreThe Vietnam Association of Financial Investors (VAFI) has called for gradually bringing bank deposit interest rates down to zero so that lending interest rates could be cut to boost growth. The current rates of 3.5-6.2 percent are high compared to other countries, and lead to higher loan interests, it said. Short-term deposit rates in ASEAN […]
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