Banks 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 […]
Read MoreThailand stayed put at 43rd out of 132 economies in the Global Innovation Index 2022, released by the World Intellectual Property Organization, while the country’s gross expenditure on R&D (GERD) financed by business and exports of creative products tops this year’s ranking. The report gauges the innovation performance of countries while highlighting strengths and weaknesses. Thailand […]
Read MoreThe Bank of Thailand believes politics should not affect the economy, which is showing signs of further recovery in the second half. For domestic political risks, the central bank is concentrating on fiscal budget disbursement, which is continuing. Functioning fiscal and monetary policies have supported the economic rebound, said the central bank’s senior director Chayawadee […]
Read MoreAccording to the Vietnamese ambassadors to Malaysia and Indonesia, the supply chain disruption caused by the COVID-19 pandemic and the Russia-Ukraine tensions opened up unprecedented opportunities for Vietnamese exporters. HA NOI — Fluctuations in supply chains and consumer demand in some ASEAN markets, which are home to many Muslims, have created unprecedented opportunities for Vietnamese exporters, industry insiders […]
Read More(Bloomberg) — Indonesia’s nickel investment is set to triple in one of the country’s biggest industrial parks, following a 2019 ban on raw ore exports that President Joko Widodo says will help the economy produce higher-value goods. Spending on projects in Morowali Industrial Park in Sulawesi will reach $18 billion in 2022, compared with $6.7 […]
Read MoreSINGAPORE: Singapore has unveiled a package of measures for the property market, including tightening lending limits for housing loans in response to a rise in interest rates, as well as new steps to moderate demand. The move would ensure “prudent borrowing” and “avoid future difficulties” in servicing home loans, said Singapore’s central bank, the Ministry […]
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