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Thailand: BoT eyes higher bank capital reserves

The business groups of commercial banks planning to invest in digital asset businesses will have to keep sufficient capital reserves to handle possible risk, according to the central bank. Bank of Thailand assistant governor for financial institutions policy group Roong Mallikamas made the remark at a seminar on digital assets held by Prachachart Turakij newspaper on Thursday. […]

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Thailand: Panel to mull wage hike proposal

Members of the tripartite national wage committee are expected to meet later this year to consider a proposal calling for the government to increase the daily minimum wage rate in response to the increase in living costs in the kingdom, Labour Minister Suchart Chomklin said on Thursday. He was speaking during a press conference at […]

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Philippines: BSP keeps rates on hold

But warns of breach in inflation targets MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) has kept interest rates at record lows despite growing pressure to raise them, signalling it can pursue monetary action if inflation spirals upward in the coming months. BSP Governor Benjamin Diokno yesterday said the policy-setting Monetary Board decided to […]

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