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 […]
Read MoreMANILA, 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 […]
Read MoreHigh 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 […]
Read MoreThe baht is likely to remain highly volatile due to external factors but its weakness is in line with moves in regional currencies, the Bank of Thailand said on Wednesday. The baht and regional currencies have moved both directions in accordance with global financial market conditions due to uncertainty over the US monetary policy and the […]
Read MoreMANILA, Philippines — The softening of the country’s budget deficit is expected to send a positive signal to foreign investors and bring in much needed resources to the Philippines. During the Laging Handa briefing yesterday, economist Michael Batu said the decline in budget deficit last year allows the government to have a wider fiscal space. […]
Read MoreCambodia recorded an average annual increase of 11.3 percent in the number of vehicles registered in the country in the last five years, according to the vehicle registration management system of the Ministry of Public Works and Transport (MPWT). The number of vehicles registered in the country from 1990 to 2022 stood at over 6.7 […]
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