MANILA, Philippines — Loans extended by Philippine banks to micro, small, and medium enterprises (MSMEs) slipped by 3.6 percent to P463.13 billion in 2021 from P480.5 billion in 2020, as the sector has yet to fully recover from the impact of the pandemic, according to the Bangko Sentral ng Pilipinas (BSP). The industry’s total loan […]
Read MoreThe Russia-Ukraine conflict is estimated to inflict 244.70 billion baht’s worth of damage to the Thai economy, dragging GDP growth to only 2-3% this year, if it is extended for the entire year, according to the latest study by the University of the Thai Chamber of Commerce (UTCC). “The Thai economy is highly likely to […]
Read MoreThe National Energy Policy Committee (NEPC) on Wednesday resolved to remove the 40-billion-baht cap on loans to support the Oil Fund in the wake of the Russian invasion of Ukraine. Kulit Sombatsiri, permanent secretary for energy, said the decision will give the government more room to deal with soaring oil prices. The decision reached in […]
Read MoreThe National Energy Policy Committee (NEPC) has resolved to lift borrowing limits of the state Oil Fund to allow for management flexibility and approved guidelines to address surging fuel prices. Chaired by Prime Minister Prayut Chan-o-cha, the NEPC met on Wednesday to review plans to tackle soaring energy prices and decided to remove the borrowing limits […]
Read MoreThai consumer confidence dropped for a second straight month in February, hitting a five-month low, due to concerns over the Covid-19 outbreak, the Ukraine crisis and a slow economic recovery, a survey conducted by the University of the Thai Chamber of Commerce (UTCC) showed on Wednesday. The UTCC consumer index fell to 43.3 in February […]
Read MoreThe Commerce Ministry recently announced Thailand’s headline inflation rate rose 5.28% in February year-on-year, which was higher than expected. The surge in the economic indicator marked the fastest rate jump in 13 years and breaches the central bank inflation target for this year. What are the factors triggering Thailand’s high inflation rate? The Commerce Ministry […]
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Thailand
