The World Bank says Cambodia has one of the fastest increases in financial inclusion among developing economies in East Asia and the Pacific. In the latest Global Findex Database released in Washington Wednesday, the bank said 76 percent of people worldwide had an account with a financial institution or mobile money provider in 2021 — […]
Read MoreThailand’s household debt to gross domestic product ratio stood at 89.2% in the first quarter, slightly down from a revised 90.0% in the previous quarter, central bank data showed on Thursday, as the economy continued to recover. However, the amount of household debt rose slightly to about 14.65 trillion baht at the end of March from a […]
Read MoreSINGAPORE – Home loan rates in Singapore have gone past 3 per cent to a new high with the latest move by UOB, Singapore’s third-largest lender. The previous high was 2.88 per cent in mid-2019. UOB on Wednesday night (June 29) raised the rate on its three-year fixed rate package to 3.08 per cent per […]
Read MoreKUALA LUMPUR: The move to set new ceiling prices for chicken and eggs will help to limit potentially larger adjustment that would add to the overall food inflation, according to MIDF Research. “For example, the new ceiling price for chicken at RM9.40 per kilogramme (kg) for Peninsular Malaysia is only an increase of 5.6 per […]
Read MoreHANOI: Vietnam plans to cut its Most Favoured Nation (MFN) tariff on gasoline to 12% from 20% to help ease inflationary pressure, the government said on Thursday. The move will also help Vietnam diversify its sources of gasoline imports and reduce its reliance on its key suppliers including South Korea and its neighbours in Southeast […]
Read MoreThailand’s economy is expected to expand by 2.9% in 2022, unchanged from a forecast in April, supported by private consumption and a tourism recovery, according to the World Bank. However, negative spillovers from the war in Ukraine and the lockdown in China highlight Thailand’s oil dependence and vulnerability to global supply chain disruptions, the World […]
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