While the higher cost of living has impacted vulnerable borrowers and driven some of them back to debt relief measures, banks’ current holding of interest rates unchanged will help ease their financial burden, said an executive of the Bank of Thailand. The borrowers, both individuals and businesses, who are in the banks’ debt assistance measures were […]
Read MoreIn recent months, the country has been experiencing rising prices of goods and services. Recent inflation. On a year-on-year basis, the inflation rate by end July this year was 6.4 percent. In the prior month of June, it was 6.1 percent. But in May, it was 5.4 percent. The 2022 annual rates of inflation constitute […]
Read MoreCambodia’s national council on minimum wage on Monday began to discuss the annual increase of monthly minimum wage for the garment, footwear and travel goods industry for 2023, according to a statement from the council. The first of a series of meetings was participated by Labor and Vocational Training Minister Ith Samheng, representative of the […]
Read MoreThe cabinet on Tuesday approved a law to guarantee up to 150 billion baht (US$4.23 billion) in loans for the state oil fund to support energy prices as the government fights inflation, according to a government source and media reports. The measure still has to be examined by the Council of State, a government office that […]
Read MoreVietnam has the potential to become a new tiger in Asia, economist Brian Lee Shun Rong at Maybank – Malaysia’s largest financial services group and the leading banking group in South East Asia – has reportedly said. Speaking at Forbes Vietnam’s recent Business Forum, Brian Lee affirmed that Vietnam will become a new tiger of […]
Read MoreThe Bank of Thailand (BoT) on Tuesday it expected no surge in bad loans despite a hike in the benchmark interest rate and urged banks to gradually adjust their rates to help vulnerable groups. Banks’ non-performing loans (NPLs) should gradually rise, helped by debt support measures, Suwannee Jatsadasak, senior director at the BoT, told a news […]
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