The Bank of Thailand said on Saturday that it has been in the foreign-exchange market to reduce volatility in the baht, which is hovering at 16-year lows against the dollar. The baht has fallen by 11.7% against the US dollar this year, which the central bank says had been driven by dollar strength. However, the […]
Read MoreKUALA LUMPUR: The weakening Malaysian ringgit, which is at its lowest since 1998, was not a reflection of the state of the nation’s economy, its central bank governor said on Monday. Bank Negara Governer Nor Shamsiah Mohd Yunus said the growth in the Malaysian economy was robust, the labour market healthy and the financial system […]
Read MoreEconomic recovery in Thailand remains intact but slow, so monetary policy tightening should be gradual to ensure a smooth recovery while fighting surging inflation, Bank of Thailand (BoT) governor Sethaput Suthiwartnarueput said on Saturday. Southeast Asia’s second-largest economy is expected to return to its pre-coronavirus pandemic growth rates late this year or early next, Mr Sethaput […]
Read MoreMANILA, Philippines — The government increased its borrowings for the first time this year to P133 billion in August, as the Marcos administration marked its second month in office. Latest data from the Bureau of the Treasury showed that total borrowings for August rose by 13.25 percent from the P117.74 billion in obligations in the […]
Read MoreManufacturers want the government to amend laws to allow them to produce and sell electricity from renewable energy sources in order to reduce dependence on expensive fossil fuels, in line with the global clean energy trend, says the Federation of Thai Industries (FTI). Their calls for renewable energy to be promoted are based on a recent […]
Read MoreBanks began to raise interest rates in response to the Bank of Thailand’s policy rate hike to 1% on Wednesday. Kasikornbank (KBank) said on Friday it will raise the minimum lending rate (MLR) and minimum overdraft rate (MOR) by 0.25%, effective from Oct 3. After the hike, the bank’s MLR will rise to 5.72% per year […]
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Thailand
