The Bank of Thailand has postponed the issuance of virtual bank regulations until the third quarter of this year because it needs more time to clarify the new business licensing with related parties. Central bank governor Sethaput Suthiwartnarueput said the regulator has received numerous inquiries about the new virtual bank licences from interested business operators. The […]
Read MoreCommerce Minister Pan Sorasak said that the border trade agreement between Cambodia and Vietnam would be a mechanism to facilitate cross-border trade between the two countries. On Monday, the minister led a delegation of ministry officials to the Ninth Committee of the Senate to defend the draft law on the approval of the border trade […]
Read MoreMONETARY authorities have approved operational amendments and expanded the coverage of a dollar-hedging facility in a bid to ease pressures in the foreign exchange (FX) spot market. “The lessons from last year’s weakness in the peso show that spillover of risks is inevitable in an increasingly global and interconnected world,” Bangko Sentral ng Pilipinas (BSP) […]
Read MoreThe government is continuing to fuel struggling business performance with a new fiscal initiative in an aim to reach its desired economic growth. The government last week agreed with the Ministry of Finance’s (MoF) proposal on a plan to reduce taxes, fees, and charges for this year. Under the MoF’s proposal submitted to the prime […]
Read MoreKUALA LUMPUR (April 25): A continued moderation of the consumer price index (CPI) this year could allow the government to ease subsidies, said CGS-CIMB. Malaysia’s inflation, as measured by the consumer price index (CPI), fell to 3.4% year-on-year (y-o-y) in March this year, marking seven months of continued decline, from its peak of 4.7% y-o-y […]
Read MoreAmid the ongoing recovery pace, the economy no longer requires any stimulus measures, but the country requires normalisation and the implementation of economic measures to support economic stability and potential growth for the longer term, says the governor of the Bank of Thailand. According to Sethaput Suthiwartnarueput, governor of the central bank, Thailand’s economy has been […]
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