Kasikornbank (KBank) expects its small and medium-sized enterprise (SME) loans this year to grow at a slower pace than last year’s 4-6% because of thin loan demand amid an uneven economic recovery, says a senior official. The bank’s 2017 SME loans will grow at a similar rate to the first quarter’s 1-2%, said senior executive […]
Read MoreThe Commerce Ministry is scheduled to hold a meeting with consumer goods makers and big retailers today to discuss the product price structure and clarify indirect price hikes alleged by consumers. Deputy Commerce Minister Sontirat Sontijirawong said the Internal Trade Department has been tasked with holding the joint meeting after consumers complained about being charged […]
Read MorePTT Exploration and Production (PTTEP) said on Tuesday it was suspending investment in Indonesia after the Indonesian government filed a $2-billion lawsuit against the Thai state-owned energy firm for alleged damage from an oil spill eight years ago. PTTEP executives, however, said Indonesia remained a strategic priority as it seeks to invest up to $4 […]
Read MoreInvestment proposals dropped 31% in the January-March period from a year earlier, but the state investment promotion agency expects they will quicken later this year, the agency chief said on Tuesday. Thai and foreign investors submitted investment applications worth a total of 62 billion baht in the first quarter of 2017, Hirunya Suchinai, secretary-general of […]
Read MoreMANILA, Philippines – Inflation is not likely to reach four percent this year despite the upward pressure on consumer prices over the past few months, monetary authorities and economists said over the weekend. Bangko Sentral ng Pilipinas Governor Amando Tetangco told The STAR inflation would not hit the higher end of the central bank’s two […]
Read MoreThe World Food Programme (WFP) has granted more than US$85 million (682 billion kip) to help the Lao government achieve the Sustainable Development Goal targets, as well as middle-income country status. A Memorandum of Understanding was signed on Friday by Deputy Minister of Planning and Investment, DrKikeoChanthaboury, and WFP County Director and Representative, Ms Sarah […]
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