The Bank of Thailand plans to ask both banks and non-banks to cease encouraging unnecessary borrowing of unsecured loans early next year as it wants to see the ratio of household debt to be at a level not exceeding 80% of GDP. The central bank does not want to see the household debt-to-GDP ratio exceed 80% […]
Read MoreKUALA LUMPUR, Oct 4 ― The export volume index increased 7.7 per cent in August 2022 compared with July, contributed by the rise in miscellaneous manufactured articles (11.9 per cent), machinery and transport equipment (7.9 per cent), as well as mineral fuels (7.8 per cent). According to the external trade statistics for September 2022 released […]
Read MoreHealth and beauty businesses are recovering rapidly driven by the country’s growing senior population and growing concerns regarding the Covid-19 pandemic. Deputy Commerce Minister Sinit Lertkrai said the growing elderly population has a positive effect on health and beauty services as elderly people tend to take greater care of themselves while the pandemic had resulted in […]
Read MoreThe Fiscal Policy Office (FPO) is to ask the Finance Ministry to consider winding down unnecessary measures related to tax waivers and tax deductions, in the wake of a decline in net government revenue as a proportion of GDP, says a ministry source who requested anonymity. The source said that according to the FPO’s report on […]
Read MoreANN/THE STAR – Headline inflation has increased to 4.7 per cent in August 2022 from 4.4 per cent in July, in line with market expectations, said Bank Negara Malaysia (BNM). The central bank said core inflation increased to 3.8 per cent during the month versus 3.4 per cent in the previous month. “The increase largely […]
Read MoreTHE Philippine peso closed at P59 to a United States dollar on Monday for another record low despite increasing by small increments against greenback in the past three trading days. Data from the Bankers Association of the Philippines said local foreign exchange trading opened at P58.75, weaker than Friday’s P58.6. The local currency traded between […]
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Thailand
