BANGKOK: Thailand has room for further monetary easing to support its economic recovery, which is expected to be slow, uneven and clouded by the unknown path of the coronavirus pandemic, the International Monetary Fund (IMF) said. The tourism-reliant economy contracted 6.1% last year, its deepest slump in over two decades, with tourism devastated by the […]
Read MoreThe Finance Ministry is set to adjust its mid-term fiscal plan following the government’s implementation of the 500-billion-baht borrowing decree, said a ministry source who requested anonymity. The source said the revision is in line with the likelihood of lower government revenue this fiscal year. This mid-term plan, which covers 2022-2025, was approved by the […]
Read MoreBancassurance, or the offering of insurance products through financial institutions and banks, is expected to play an ever-increasing role in the emerging insurance sector in Cambodia, according to a group of financial executives who met virtually on Thursday. The Association of Banks in Cambodia (ABC), the Cambodia Microfinance Association (CMA) and the Insurance Association of […]
Read MoreMANILA, Philippines — Uncertainties due to the pandemic remain an issue as the Philippines continues to fail in attracting foreign investors in the country amid the recent surge in COVID-19 cases and slow rollout of vaccines. Latest data from the Philippine Statistics Authority (PSA) showed foreign firms have yet to pour in much-needed capital to […]
Read MoreSiam Commercial Bank (SCB) is planning new business strategies under what it calls the three generations of financial services, in preparation for a changing banking landscape in the post-Covid era. SCB, Thailand’s oldest bank and fourth largest lender by total assets, strengthened its infrastructure base in all areas because of the pandemic. The bank aims […]
Read MoreInflation in Indonesia edges higher in May but still not a concern for policymakers 10 months below target Inflation picked up slightly to 1.7% YoY in Indonesia with core inflation also accelerating. May featured a holiday and commodity prices rose. Inflation quickened across nine of the eleven categories in the CPI basket, with core inflation settling at […]
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Thailand
