Despite the Finance Ministry’s request to ease the new loan-to-value (LTV) requirement, the Bank of Thailand has insisted on maintaining the regulation, saying bad mortgages continued to climb for the three months through March and a further uptick is expected this quarter. The bad-mortgage ratio is expected to keep rising in the second quarter, mainly because […]
Read MoreThe government’s planning unit has lowered its full-year GDP growth forecast to 3.3-3.8% from 3.5-4.5% after the economy grew at its slowest pace in more than four years in the first quarter. The National Economic and Social Development Council (NESDC) reported on Tuesday that GDP rose 2.8% year-on-year in the first quarter, down from a revised […]
Read MoreMANILA, Philippines — Inflation remains a threat as expectations remain close to the upper end of the government’s two to four percent target, according to the Bangko Sentral ng Pilipinas. BSP Deputy Governor Diwa Guinigundo said inflation averaged 3.8 percent in the first three months of the year after a steady decline for the past five months. Inflation eased to […]
Read MoreThe government issued an announcement giving telecommunications companies until the end of May to share their revenues and settle other outstanding debts owed to the Kingdom’s ministries. According to an announcement dated April 11, which was jointly released by the Ministry of Economy and Finance and the Ministry of Posts and Telecommunications, Cambodia’s telecom firms […]
Read More(MENAFN) More than USD.87 billion of foreign investments entered Myanmar’s sectors in first half of present fiscal year 2018-2019, according to the statistics from the Directorate of Investment and Company Administration (DICA). As of March 31 in FY 2018-19 which started in October 2018, at least 139 foreign ventures were permitted. Transport and communication sector […]
Read MoreASEAN CHAIR Thailand has lined up 13 ambitious goals to achieve regional integration as the 25th Asean Economic Ministers’ Retreat (AEMR) kicks off today in Phuket, where two pacts are set to be signed to enhance services trade and investment within the group. Amid challenges such as the election uncertainty in Thailand and the US-China […]
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Thailand
