The government’s committee in charge of fiscal discipline has scheduled a meeting to draw up a five-year public debt management plan, says Patricia Mongkhonvanit, director-general of the Public Debt Management Office (PDMO). The plan forms the backbone for the country to borrow for economic development. Mrs Patricia said the committee can consider raising the debt-to-GDP […]
Read MoreThe baht opened at 32.44 to the US dollar on Friday, strengthening from Thursday’s closing rate of 32.48. The Thai currency is likely to move between 32.35 and 32.50 during the day, Krungthai Bank market strategist Poon Panichpibool said. Poon said the baht was likely to fluctuate with the dollar if investors adjusted their dollar […]
Read More(Bloomberg) — Indonesia’s central bank will require lenders to disburse at least 30% of their loans to small companies, part of a broader effort to revive slow credit growth that’s stalled the economic recovery. Banks must allocate at least 20% of their total loans to micro, small and medium enterprises next year, with the proportion […]
Read MoreA study of the relationship between people and technology reveals a split in Thailand between those who believe tech companies clearly make a positive contribution to society and those who hold neutral or negative opinions of technology, according to the Asean communications agency Vero. In a survey organised by Vero and the global market research […]
Read MoreMyanmar’s ongoing political turmoil and a rapidly-rising third wave of COVID-19 cases are severely impacting an economy that had already been weakened by the pandemic in 2020, the World Bank said in a statement. According to the statement, the economy is expected to contract around 18 percent in Myanmar’s 2021 Fiscal Year (Oct 2020-Sep 2021), […]
Read MoreMANILA, Philippines — The country’s manufacturing sector went back into contraction mode in August, posting its lowest output in 15 months, as the surge in cases due to the Delta variant prompted the reimposition of strict lockdown measures. Market intelligence firm IHS Markit said the Philippines’ headline purchasing managers’ index (PMI) fell sharply to 46.4 […]
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Thailand
