The decision to cut interest rates took effect earlier last week, as some commercial banks have announced interest rate cuts for both deposits and loans. This is the fourth consecutive interest rate cut since the beginning of the year after three interest rate rises late last year. The move was taken by the State Bank […]
Read MoreMANILA, Philippines — The return of El Niño would have minimal impact on the prices of goods and services, according to the Bangko Sentral ng Pilipinas. BSP Deputy Governor Francisco Dakila Jr. told reporters that the central bank has yet to include the impact of lower than usual rainfall in the Philippines in the latest […]
Read MoreNational Assembly members from various constituencies commented on the government’s socio-economic development plan, state budget plan, and monetary plan during the ongoing 5th ordinary session of the 9th National Assembly in Vientiane Capital, and urged for measures to assist its suffering economy. Mrs. Saysomsuen Photisan, a NA member from Savannakhet asked the government to increase […]
Read MoreHalf of the Thai participants in a study released by Fico, a leading global provider of analytics software, believe it’s okay to exaggerate income on loan applications and insurance claims. The consumer fraud survey explored preferences and attitudes towards fraud checks, revealing that half of Thai respondents were willing to commit fraud to obtain a loan […]
Read MoreGovernment bonds prospered again in the first five months of the year. The State Treasury issued government bonds and also brought deposits to banks. As a result, the government bonds investment in many banks has increased sharply. Bonds in demand In 2022, the State Treasury planned to issue VND 400,000 bln in government bonds and […]
Read MorePrime Minister Hun Sen yesterday said that the dependency of riel on foreign currencies is not a big issue, even though their circulation in the economy has experienced some minor impacts from the financial or economic crises that have happened in the regional and global contexts recently. He made these remarks while interacting with more […]
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Thailand
