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LGT foresees long-term growth in Thailand

LGT Private Banking, an international private bank owned by the House of Liechtenstein, plans to continue growing business in Thailand over the longer term as it foresees greater opportunities here. LGT chairman Prince Max von und zu Liechtenstein said based on Bank of Thailand and Securities and Exchange Commission (SEC) regulations, the bank requires minimum assets […]

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Philippines: Joblessness, underemployment worsen in January as temporary holiday jobs fade

MANILA, Philippines (Updated 10:53 a.m.) — The proportion of jobless Filipinos went up in January while job quality deteriorated as the sheen of temporary jobs offered by the holiday rush faded, adding to the problems of the Marcos Jr. administration already beseeched by brutal inflation.  Results of a nationwide survey of 44,302 households showed there were 2.37 million […]

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Inflation forcing Asian nations to tighten monetary policies

High inflation pressures in many Asian countries including Laos are driving central banks to tighten monetary policy more quickly than expected, according to a new report by the Asian Development Bank (ADB). The Asian Economic Integration Report 2023 stated that tightening monetary policies to contain inflationary pressures in many advanced economies are affecting external demand […]

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