The Bank of Thailand on Wednesday left its benchmark interest rate unchanged again at 1.5%, showing it feels the level is low enough to aid an economic recovery hampered by high household debt levels. As expected, the Monetary Policy Committee voted unanimously to keep the one-day repurchase rate at 1.5%, where it has been since […]
Read MoreMost Southeast Asian stock markets ended higher on Wednesday, in line with broader Asia, with Indonesia gaining nearly 1% and the Philippines ending at a near three-week high. MSCI’s broadest index of Asia-Pacific shares outside Japan gained 0.6%, as relative calm in the standoff between the United States and North Korea lifted investors’ appetite for […]
Read MoreTrade between Cambodia and Thailand reached $2.9 billion in the first half the year, a 10 percent increase compared to the same period in 2016, according to statistics from the Thai Embassy in Cambodia. The data showed Cambodia exported goods worth $453 million to Thailand in the first six months of the year, a 20 […]
Read MoreThe government announced yesterday that it would “intervene” to support the price that farmers receive for their paddy rice, though without instituting a price floor or direct subsidies that would jeopardise a free market. Vongsey Vissoth, secretary of state at the Ministry of Economy and Finance (MEF), told representatives of the private sector and agricultural cooperatives that the government […]
Read More[JAKARTA] Indonesia posted its first trade deficit since late 2015 in July, as imports surged more than exports did, the statistics bureau said on Tuesday. South-east Asia’s largest economy had a trade deficit of US$271.2 million in July. A Reuters poll had forecast a US$1.1 billion surplus. June’s trade surplus was revised on Tuesday to […]
Read MoreTHAI companies expanded their direct investment in Asean countries in the first quarter of this year, with outflows rising 3.67 per cent to US$30.19 billion from the previous quarter, Bank of Thailand figures show. Singapore was the most popular destination for Thai investments in the quarter, followed by Vietnam and Myanmar. “We increase our investment […]
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