The Bank of Thailand (BoT) is debating a reduction in interest rates for some consumer loans amid fears that lenders will reject high-risk borrowers and drive them towards loan sharks, an assistant governor said Wednesday. Last month, Prime Minister Prayut Chan-o-cha asked the Bank of Thailand to review the ceiling of interest rates for credit […]
Read MoreVietnam Railways (VNR) on July 20 added a new rail freight link from Vietnam to Belgium, with the first train departing from Yen Vien station, Hanoi, and expected to arrive at Liege City in Belgium. Then, containers will be delivered to Rotterdam city (Netherlands) by lorries. VNR said the train carried 23 containers with such […]
Read MoreMORE than 2 billion tons of food goes uneaten around the world, almost double than previously thought, according to a new report. An estimated 2.5 billion tons of food was lost on farms or wasted by retailers or consumers globally, accounting for about 40% of production, according to research by World Wildlife Fund and U.K. […]
Read MoreA plan to improve transport infrastructure in Vietnam’s Long An province may help the country achieve its stated goal of increasing trade with Cambodia. Long An Provincial Authority is setting up six transportation hubs to help boost imports and exports and improve the competitiveness of local communities. The centres are all connected to roads, rivers […]
Read MoreMANILA, Philippines — New York-based Fitch Ratings has lowered from stable to negative the outlook for several government and private-owned Philippine banks due to downside risks to the country’s medium-term growth prospects amid the COVID-19 pandemic. The debt watcher lowered the outlook of state-run Land Bank of the Philippines (Landbank) and Development Bank of the […]
Read MoreThe worsening pandemic situation and plunge in advertising budgets are expected to drive down media spending this year with a 4% year-on-year contraction to 72.1 billion baht — a critical situation for the industry, according to Media Intelligence (MI), a creative and media planning agency. “The government’s tough measure to curb Covid-19 infections and a […]
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