Following an improvement in Thai tourism during the festive season in December, the industry faced a rocky start to the New Year due to the rise of Omicron, the highly transmissible Covid-19 variant. The fresh wave of infections prompted the government to put stringent measures in place by suspending the Test & Go scheme, hindering […]
Read MoreMANILA, Philippines — S&P Global Ratings expects Philippine banks to enjoy a sustained credit growth of five to seven percent this year amid the return of corporate and individual borrowers as the country continues to recover from the impact of the pandemic. In a report, Nikita Anand, primary credit analyst at S&P, said the Philippine […]
Read MoreWith the economy gradually bouncing back, Vietnam will continue speeding up the disbursement of public investment this year, with a focus placed on infrastructure development in order to spur on economic growth this year and beyond. Work has become quite busy at a section of road to lengthen Nguyen Van Huyen road in Hanoi’s Xuan […]
Read MoreTHE Asian Development Bank (ADB) has launched a project which uses blockchain technology to improve the efficiency and security of cross-border securities transactions in Asia and the Pacific. ADB said in a press statement on Wednesday (Jan 26) that it plans to create a blockchain network to connect central banks and securities depositories in the […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) vowed to tame inflation after breaching the two to four percent target last year amid rising global oil prices and elevated food prices. In an open letter to President Duterte, BSP Governor Benjamin Diokno said that inflation may return to the government’s target range of two […]
Read MoreThe baht opened at 33.00 to the US dollar on Wednesday, strengthening from Tuesday’s closing rate of 33.05. The Thai currency is likely to move between 32.90 and 33.10 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said the baht is volatile and likely to swing sideways. However, it might weaken before […]
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Thailand
