The Federal Reserve’s emergency rate cut will put pressure on the Bank of Thailand to follow in the US central bank’s footsteps, according to a senior official at the Fiscal Policy Office (FPO). “If the Bank of Thailand finds the economy would grow at a slower pace than expected, it will be another factor that […]
Read MorePETALING JAYA: The overnight policy rate (OPR) cut, coupled with the economic stimulus package, should buffer the impact of Covid-19 outbreak on the economy. The domestic economy is slated for a gradual pickup in the second half of the year, in line with the stimulus package and OPR rate cut gradually taking effect. However, this […]
Read MoreAs virus outbreak spreads MANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is expected to further cut interest rates anew this month to support the economy as central banks around the world, led by the US Federal Reserve, cut their benchmark interest rates in the face of the spreading coronavirus. American banking giant JP […]
Read MoreBank Indonesia (BI) is predicting that weakening economic activities, especially involving tourism, exports and imports, would drag down the country’s economic growth to 4.9 percent in the first quarter before picking up again in the following months. BI Governor Perry Warjiyo said on Wednesday the coronavirus had hurt export-import businesses and tourism-related industries in February, adding […]
Read MoreThe Bank of Thailand (BoT) said on Wednesday it was closely monitoring the situation and will act as appropriate following an emergency interest rate cut by the Federal Reserve. However, the central bank said in a statement it had already taken action, cutting the policy rate on Feb 5 to alleviate the negative impact of […]
Read MoreFROM May 1, the monthly minimum salary for the Employment Pass (EP) will rise from S$3,600 to S$3,900 to keep up with the improving pay of fresh graduates from local autonomous universities. Explaining the regular update of the EP salary criteria, Manpower Minister Josephine Teo said on Tuesday the criteria “take reference from salaries of […]
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