The 10th ordinary session of the National Assembly (NA)’s 8th legislature wrapped up on Tuesday after approving economic recovery policies and five laws. During the three-week session, members debated measures presented by the government to overcome economic difficulties and the debt burden, which have been exacerbated by the Covid-19 pandemic. Speaking at the closing ceremony, […]
Read MoreMANILA, Philippines — The Department of Finance sees no need to borrow more than programmed as it expects the economy to bounce back next year, according to DOF Secretary Carlos Dominguez. In an interview with Bloomberg TV, Dominguez said there is no need to tap additional sources of financing outside the regular program of the […]
Read MoreWhile Covid-19 has had a big impact on the economy and most people, it has not hurt the rich. They are stil spending big money on luxury car models. Some buyers in Hanoi said they had signed contracts to buy a Mercedes car in October but would get delivery in December. As the supply is […]
Read MoreThe Federation of Thai Industries (FTI) has expressed serious concerns about the baht’s appreciation and its impact on the export sector, which covers farm produce, food and consumer products. The FTI called on the government on Tuesday to carefully manage the baht’s value and its exchange rates in order to help local industries struggling to deal […]
Read MoreGovernment-sponsored development banks of Japan, China and the Republic of Korea signed an agreement with major financial institutions in the Association of Southeast Asian Nations (ASEAN) to boost inter-bank cooperation during the ASEAN Plus Three Summit held virtually on November 14. ASEAN participants in the scheme include Canadia Bank Plc. of Cambodia, PT Bank Mandiri […]
Read MoreKUALA LUMPUR: The ringgit extended its gains for the third consecutive day against the US dollar today on bullish sentiment surrounding the local and regional markets. At 9.10 am, the local currency stood at 4.1000/1050 against the greenback compared with Tuesday’s close of 4.1020/1070. Axi chief global market strategist Stephen Innes said the US dollar […]
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Thailand
