The Bank of Thailand will not extend the easing of loan-to-value (LTV) measures for mortgage loans as the economy is showing clearer signs of recovery. The central bank decided against further extending the easing of LTV measures launched in October 2021 and set to expire in December 2022, said the Bank of Thailand’s assistant governor Chayawadee Chai-Anant. […]
Read MoreJAKARTA : Indonesia’s inflation rate eased in October but remained above the central bank’s target range for five straight months, statistics bureau data showed on Tuesday, against market expectations for a slight acceleration. The headline annual inflation rate cooled to 5.71 per cent in October, compared with 5.95 per cent in September and 5.99 per […]
Read MoreSINGAPORE: Citigroup said on Tuesday it had completed the sale of its Thailand and Malaysia retail banking businesses to Singapore’s United Overseas Bank (UOB) in a transaction expected to result in a regulatory capital benefit of copy billion. UOB said in a separate statement that it expects to complete the acquisition of Citigroup’s consumer banking businesses […]
Read MoreAsia’s factories slumped in October as global demand for merchandise goods made in the region continues to weaken, with Thailand recording the steepest drop in the S&P Global manufacturing purchasing managers’ index (PMI). Taiwan’s slump was also a standout, with the PMI dropping to 41.5 in October from 42.2 in September to mark its weakest reading […]
Read MoreUntil August 2022, bilateral trade between Laos and Thailand generated more than USD 5.3 billion. In comparison to the same period in 2021, bilateral trade between Laos and Thailand has increased by 10.3 percent. Exports from Laos to Thailand saw an increase of 8.5 percent at over USD 2.3 billion, and Laos imported goods worth […]
Read More(Bloomberg) — Indonesia’s inflation pulled back in October as gains in food prices slowed, cushioning the blow of higher pump prices. Headline inflation rose 5.71% year-on-year, much slower than the near-6% notched in September and expected by analysts for this month. Food inflation retreated to 7.04% versus 8.69% in September, while energy costs surged 17%. […]
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