The Bank of Thailand has sounded an alarm to banks in light of the growing appetite for mortgages, urging them to retain their risk management practices when considering housing loans. Some financial institutions are offering a higher loan-to-value (LTV) ratio to homebuyers amid intense competition for mortgage products, said Bank of Thailand governor Veerathai Santiprabhob. “We […]
Read MoreMyanmar has taken pains to liberalise its economy and draw foreign investors to become more competitive. Over the past two years, it has rolled out major new legislation including the Condominium Law, Investment Law and Companies Law. This year, it released two new directives opening up the education and retail sectors to full foreign ownership, marking […]
Read MoreBank Indonesia (BI) has said it would continue to coordinate with government institutions to maintain the country’s macroeconomic stability and foster growth following international rating agency Standard & Poor’s (S&P) Global Ratings’ investment grade rating for Indonesia. On Thursday, S&P Global Ratings announced Indonesia’s sovereign rating at BBB- with a stable outlook, maintaining the same […]
Read MoreSINGAPORE — From the later half of this year, seniors who find digital services and mobile applications daunting to use may approach “digital concierges” at community centres near their homes to get one-on-one help. This initiative is part of the Digital Readiness Blueprint, launched on Saturday (June 2) by Communications and Information Minister S […]
Read MoreA GAUGE of business sentiment across the regions suggests confidence in the economy is increasing, meshing with other positive indicators and a key business lobby’s dismissal of a potential hit on exports from Italy’s political crisis. The Thai Regional Economic Sentiment Index (RSI) in May pointed to rising confidence in economy on a six-month outlook […]
Read MoreRapid population ageing poses a serious threat to Asia’s long-term economic prospects. But, with the right policies, Asian economies can mitigate the risks of this demographic trend and capitalise on their “silver dividend” to become more productive, resilient, and dynamic than ever. Asia is ageing fast: by 2040, 16 percent of the region’s population will […]
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Thailand
