Local major banks plan to hold their interest rates steady if the Bank of Thailand raises the policy rate on Wednesday, as they want to mitigate its impact on borrowers amid a gradual economic recovery. Kasikornbank (KBank) chief executive Kattiya Indaravijaya said the lender would keep its current interest rates unchanged if the central bank’s Monetary Policy […]
Read MoreCapital account restrictions largely insulate interest rates in Vietnam from global monetary tightening and the country’s policy rate is expected to increase 50 basis points to 4.5% by end-2023, according to Fitch Ratings. Under a report on the impact of rising interest rates on Asia-Pacific (APAC) banks released this week, Fitch said annual credit targeting […]
Read MoreThe Monetary Policy Committee (MPC) is expected to raise the policy interest rate for the first time in two years by 0.25% on Wednesday to 0.75%, as inflation soared above 7% in the last two months, bringing an end to a low-interest era, analysts say. The increase is in line with the projection that the US […]
Read MoreMANILA, Philippines — The Philippine economy expanded at a slower pace in the second quarter, but the government is still confident the growth target for the year can still be achieved. According to the Philippine Statistics Authority (PSA), the economy as measured by the gross domestic product (GDP) grew by 7.4 percent in the second […]
Read MoreDespite the effects of the Covid-19 pandemic, the bilateral trade between Cambodia and Thailand showed significant growth in the last three years. During a courtesy meeting between the Cambodian Chamber of Commerce and the Thai Chamber of Commerce and the Thai Business Commission last week, commerce minister Pan Sorasak urged Thai investors in Cambodia to […]
Read MoreKUALA LUMPUR: Malaysia’s Manufacturing sales value in June 2022 expanded 23.4% to RM153.5bil as compared to RM124.4bil reported a year ago, according to the Statistics Department (DOSM). On a month-on-month growth, the sales value expanded by 8.1% from RM142bil in May 2022 while in seasonally adjusted terms, the sales value increased by 6.9%. “The year-on-year […]
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