The Thai Bankers’ Association vowed to adjust the interest rate gradually in a bid to minimise the impact on vulnerable customers and small and medium enterprises (SMEs) after the Monetary Policy Committee (MPC) decided on Wednesday to raise the policy rate by 25 basis points to 0.75 per cent. The MPC decided on the rate […]
Read MoreAfter two years of the pandemic, many tourism workers have left for other jobs. New workers need to be recruited and trained. Seventy out of 200 workers at a large hotel in HCM City quit their jobs because of Covid-19. Some of them were key personnel. They could not wait for the recovery of tourism. […]
Read MoreINVESTMENT commitments secured for Singapore in the second quarter of 2022 amounted to S$6.3 billion in fixed asset investment (FAI) and S$2.1 billion in total business expenditure (TBE), according to the latest Economic Survey of Singapore released on Thursday (Aug 11) morning. The figures refer to investment commitments garnered by the Singapore Economic Development Board. […]
Read MoreThe Garment Manufacturers Association in Cambodia (GMAC) on Wednesday expressed concern over a decline in purchase orders from Western countries for the second half of 2022. GMAC Secretary-General Ken Loo said the unstable global situation and the likeliness of an economic downturn mainly in Western countries have raised “serious concern over the export situation for […]
Read MoreMANILA, Philippines — Earnings of Philippine banks went up by 16.7 percent to P143.12 billion in the first half from P122.67 billion in the same period last year, data from the Bangko Sentral ng Pilipinas (BSP) showed. Preliminary data showed the operating income of banks in the country rose by 4.3 percent to P471.32 billion […]
Read MoreThe Federation of Thai Industries (FTI) does not agree with the Labour Ministry’s plan to enforce a new minimum wage hike on Oct 1, which is earlier than originally anticipated, as businesses will be flooded with too many financial burdens, notably a rise in the Bank of Thailand’s policy rate and higher electricity bills. Kriengkrai Thiennukul, […]
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Thailand
