Vietnam is targeting to control public debt below 60 per cent of gross domestic product (GDP) by 2030 to ensure debt safety and national financial security. The goal was highlighted in the public debt strategy by 2030. Deputy Minister of Finance Ta Anh Tuan said yesterday at a two-day workshop held in Thanh Hoa that […]
Read MoreMANILA, Philippines — The Philippines recorded its widest balance of payments (BOP) deficit in 15 months at $1.61 billion in May, 2.6 times the $415 million shortfall recorded in April as the national government settled more foreign debt, according to the Bangko Sentral ng Pilipinas (BSP). The BOP deficit in May was the biggest since […]
Read MoreEconomists are warning the baht will weaken further throughout this month because of higher volatility in money and capital markets worldwide after the US Federal Reserve’s hawkish benchmark interest rate hike. Krungthai Compass, a research house under Krungthai Bank, forecasts the baht will dip to high-34 to mid-35 against the US dollar by the end […]
Read MoreBENGALURU, June 21 (Reuters) – Bank Indonesia will leave its key interest rate steady at 3.50% on Thursday but over one-quarter of economists in a Reuters poll expect a rate rise to stem imported inflation from a weak rupiah currency as the U.S. Federal Reserve tightens aggressively. Indonesia’s central bank is one of a few major Asian […]
Read MoreThe gross premiums from insurance in the country, including life and general, grew by 10.2 percent in 2021 compared to the previous year, according to the Financial Stability Report, released by the National Bank of Cambodia, indicating a growing awareness among the members of the public about the importance of insurance as a hedge against […]
Read MoreFinance Minister Arkhom Termpittayapaisith asked the Bank of Thailand to discuss with commercial banks whether they can raise their interest rates on a gradual basis in the event the central bank decides to raise its policy rate. Mr Arkhom said the central bank shares the ministry’s goal of continuing a gradual Thai economic recovery. He […]
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Thailand
