Local banks are expected to raise interest rates this week following the Bank of Thailand’s recent policy rate hike, while borrowers could face a normalisation of loan rates for next year. Two large Thai banks, Siam Commercial Bank (SCB) and Kasikornbank (KBank), already increased prime interest rates for both deposits and loans. Last week the […]
Read MoreThe economy remains firmly on a path towards economic recovery despite growing uncertainties from inflation, geopolitical risks and a potential global recession next year, the finance minister said on Wednesday. Arkhom Termpittayapaisith said tourism is helping drive Thailand’s recovery after the Covid-19 pandemic. During the first 10 months of this year, the kingdom welcomed nearly 7.2 million […]
Read MoreChina has proposed signing protocol for seven types of local fruit exported to the northern neighbour via official channels for stricter management, as is currently applied to durian and star apples. This information was unveiled by Phan Thi Thu Hien, representative of the Plant Protection Department, during a forum aimed at connecting agricultural production and […]
Read MoreThe Asian Development Bank (ADB) has approved a $50m policy-based loan aimed at supporting the government of Cambodia to diversify the country’s economy and boost its global competitiveness. The loan will support Cambodia’s post-COVID-19 economic recovery by supporting government reforms to enhance the investment and business environment; foster the growth of micro, small, and medium-sized […]
Read MoreKUALA LUMPUR: Malaysian banks have remained steadfast in its role as the country’s financial backbone in 2022, supporting economic recovery by providing the necessary liquidity in the market. According to Bank Negara Malaysia (BNM), the banking system continued to maintain healthy liquidity positions, recording a strong liquidity coverage ratio of 152.5 per cent in September […]
Read MoreMANILA, Philippines — The government is strongly pushing for the creation of the Maharlika Wealth Fund as it faces constraints to finance new projects, especially after the country’s outstanding debt jumped to a new record high P13.64 trillion in October. Based on the Bureau of the Treasury (BTr) data, the government increased the debt stock […]
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