The government has set a budget of 100 billion baht to pay the principal on debt for fiscal 2022. The amount, which accounts for 3.2% of the government’s expenditure for that fiscal year, reflects its strong ability to repay debt, said Public Debt Management Office director-general Patricia Mongkhonvanit. Most of this planned principal payment is […]
Read MoreMANILA, Philippines — Economists expect bank lending to remain in the red in the coming months amid lack of demand from borrowers and banks turning risk-averse due to uncertainties brought about by the COVID-19 pandemic. ING Bank senior economist Nicholas Mapa said loans disbursed by big banks may continue to drop as demand for credit […]
Read MoreOnline shopping in Thailand surged again in the first quarter this year with spending up by an estimated 45.05 per cent. Thais spent an estimated 75 billion baht per month online from January to March, up from 52 billion baht in November, according to the Department of International Trade Promotion (DITP)’s latest e-commerce survey. The […]
Read MoreAs global central banks begin to neutralise loosened monetary policy, such as the Fed lowering rates, this is seen as positive signals as the world economy gradually recovers, minimising the risk of global economic crisis. Looking into the past, even in the period when the Fed raised interest rates at the end of 2015, the […]
Read MorePresident Joe Biden on Thursday celebrated a victory in his drive to make corporations pay a larger share of the cost of government, as 130 countries endorsed a blueprint for a global minimum tax on giant businesses and pledged to work for final approval by the end of October. The agreement announced by the Organization […]
Read MoreThe baht opened at 32.09 to the US dollar on Friday, weakening from Thursday’s closing rate of 32.05. The Thai currency is likely to move between 32 and 32.15 during the day, Krungthai Bank market strategist Poon Panichpibool said. He predicted that the baht would tend to weaken, and would fluctuate in line with the […]
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