The Bank of Thailand’s Monetary Policy Committee (MPC) raised its economic growth forecast for this year because of expanding exports and tourism, but it kept the policy interest rate unchanged yesterday as widely expected. The economic growth forecast for this year was increased to 3.8% from 3.5%, while next year’s growth forecast was also given […]
Read MoreBusiness tycoon Try Pheap signed a memorandum of understanding (MoU) on Tuesday with a Beijing-based company that aims to establish a 100-hectare automotive assembly plant in the Kingdom’s Kampot province with initial capital investment of $30 million, according to reports in local media. The plant will produce everything from trucks to cars and motorcycles, as […]
Read MoreSenior officials of Laos and Thailand have agreed to maintain security and order along the border and to reinforce economic cooperation between the two nations. These were among the key outcomes of a meeting in Vientiane on Tuesday between governors of Lao and Thai provinces that share borders along the Mekong River and on land. […]
Read MoreKUALA LUMPUR: Bank Islam Brunei Darussalam Bhd., the Southeast Asian sultanate’s biggest lender, has postponed a planned initial public offering that could raise as much as us$500mil, people familiar with the matter said. Bank Islam needs more time to complete some internal restructuring procedures before it proceeds with the listing in Kuala Lumpur, the people […]
Read MoreA foreign insurance and risk management firm has been accused of allegedly operating without a license in the Philippines but regulators say they cannot act until complainants present sufficient evidence to warrant a formal case. Lawyer Jose Antonio Bernas, who represents Prudential Guarantee and Assurance, Inc., has asked the Insurance Commission to investigate Marsh UK […]
Read MoreTEMPO.CO, Jakarta – Transportation Minister Budi Karya Sumadi held bilateral meetings with delegates of four countries: South Korea, Singapore, Hungary, and China, as well as the European Union (EU) to discuss infrastructure projects in Indonesia. The meetings were held on sidelines of The 4th Asia Europe Meeting Transport Minister Meeting (ASEM TMM) in Denpasar, Bali, on September 26-28. “I […]
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Thailand
