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Thailand: Authorities to drive ahead with oil plan

Energy authorities are continuing their push for the National Oil Plan, aiming to generate 170 billion baht for the Thai economy through a range of projects, including further development of cleaner energy, says the Department of Energy Business. The plan has a budget of 34.9 billion baht and must pass a public hearing and approval by […]

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Philippine to grow faster than regional peers – NEDA

MANILA, Philippines — The National Economic and Development Authority (NEDA) has expressed confidence in the Philippines’ growth momentum as it expects the country to grow faster than many of its peers in the region. During the bilateral meeting and business forum with Israeli Foreign Minister Eli Cohen, Israel Ambassador Ilan Fluss, and members of the […]

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Thailand: State banks raise deposit, loan rates after BoT hike

State banks are increasing their interest rates following the Bank of Thailand’s policy rate hike. Both the Government Savings Bank (GSB) and the Bank for Agriculture and Agricultural Cooperatives (BAAC) have raised interest rates for both loans and deposits, with deposit rates higher than loan rates. Vitai Ratanakorn, president and chief executive of GSB, said after […]

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