PETALING JAYA: One could not help but notice that Bank Negara governor repeatedly emphasised in her latest speech – three times to be exact – that the Malaysian economy is no longer in a crisis. Tan Sri Nor Shamsiah Mohd Yunus highlighted that the economic recovery is well underway, although she acknowledged that the future […]
Read MoreThailand is expected to eke out annual economic growth of about 3% over the next two years despite a looming global recession, says Bangkok Bank economist Kobsak Pootrakool. Mr Kobsak, also chairman of the Federation of Thai Capital Market Organizations, said that Thailand’s economic fundamentals remained strong, boosted by a rapid recovery in tourism and foreign […]
Read MoreRevenues collected by the General Department of Customs and Excise (GDCE) and the General Department of Taxation (GDT) have started taking new twists and turns after the government has entered into multilateral and bilateral free trade and partnership agreements to provide economic benefits to the country, Prime Minister Hun Sen said. Mr Hun Sen said […]
Read MoreVietnam’s gross domestic product (GDP) in ASEAN is expected to expand considerably over the next five years, with its rankings rising from sixth this year to third by 2027, according to the latest forecast made by the IMF. Specifically, Indonesia’s GDP leads the way in the ASEAN region, reaching approximately US$1.29 billion, followed by Thailand […]
Read MoreTHE country should concentrate on improving the digital payment platforms InstaPay and PESONet before establishing a central bank digital currency (CBDC), a government official said on Monday. During a Senate budget hearing on Monday, Finance Secretary Benjamin Diokno, a former central bank governor, underscored that establishing a CBDC is not yet the right time. “Iyon […]
Read MoreThe Bank of Thailand plans to ask both banks and non-banks to cease encouraging unnecessary borrowing of unsecured loans early next year as it wants to see the ratio of household debt to be at a level not exceeding 80% of GDP. The central bank does not want to see the household debt-to-GDP ratio exceed 80% […]
Read More
Thailand
