Interest rates on mortgages are expected to rise this year but will not surge to the levels they reached during the 1990s real estate boom, said Government Housing Bank (GH Bank) president Chatchai Sirilai. He said that GH Bank’s current average interest rate is 3%. If the Bank of Thailand raises the benchmark rate by […]
Read MoreSINGAPORE – Singapore is considering more safeguards to protect consumers after the plunging prices of crypocurrencies triggered a series of prominent players, including firms based here, becoming insolvent. Senior Minister and Coordinating Minister for Social Policies Tharman Shanmugaratnam on Monday (July 4) said the Monetary Authority of Singapore (MAS) has been “carefully considering” having additional […]
Read MoreVietnam’s tra fish export increased by 83.2% in the first half of this year, the highest growth rate among fishery products, the latest data by the Vietnam Association of Seafood Exporters and Producers (VASEP) showed. Seafood exports were expected to rake in nearly 5.8 billion USD for Vietnam in the first six months, up almost […]
Read MoreThe Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has revised up its 2022 GDP growth forecast to at least 2.75%, up from 2.5%, but soaring inflation remains a wild card. GDP growth is estimated in a range of 2.75-3.5%, a slight change from the 2.5-4% predicted earlier, said Payong Srivanich, chairman of the […]
Read MoreThe number of flights between Cambodia and China is expected to rise to six from four following a request submission by the State Secretariat for Civil Aviation (SSCA) to the Civil Aviation Administration of China in late June. The request comes amid a rise in demand for flights between both nations after Cambodia officially reopened […]
Read MoreThe value of foreign trade by land has risen to 688.822 billion baht, up by 1.74 per cent during the first five months of this year, following the easing of Covid travel restrictions, the commerce minister said on Monday. Deputy Prime Minister and Commerce Minister Jurin Laksanawisit said the 1.74-per-cent increase, compared to the same […]
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