[BANGKOK] Thailand’s central bank on Wednesday unexpectedly cut its benchmark interest rate for the first time since 2015, which should support faltering growth and weaken the strong baht. The Bank of Thailand (BOT)’s monetary policy committee (MPC) voted 5-2 to cut the one-day repurchase rate by 25 basis points to 1.50 per cent – the […]
Read MoreA number of casino operators from Hong Kong, Taiwan and Macau have enquired about operating casinos in Myanmar following the passing of the Gambling Law 2018 in May, which replaced an earlier law from 1986. Directorate of Investment and Company Administration acting director-general U Thant Sin Lwin said casino operators from Hong Kong, Taiwan and […]
Read MoreThe depreciation of the Chinese yuan will affect the baht and Thailand’s export values for the rest of the year, which will force the Bank of Thailand to come up with measures to manage the currency, economists say. “The baht will fluctuate and even depreciate when foreign investors take their money out in response to […]
Read MoreMANILA, Philippines — Growth in consumer prices further eased to 2.4 percent in July, the slowest in two years, on the back of cheaper rice, fuel and utilities, the Philippine Statistics Authority (PSA) said in a report yesterday. July’s headline inflation slid further from 2.7 percent in June and 5.7 percent a year earlier, bringing […]
Read MoreWith the online shopping market expected to rise to 470 billion baht in three years, messaging app Line is embarking on an e-commerce platform called Line Shopping by providing a wide assortment of items from 15 major online marketplaces. The move is expected to affect similar platforms, such as RebateMango and Shopback, as well as […]
Read MoreThe Council for the Development of Cambodia (CDC) has urged relevant parties to increase efforts to attract more foreign investors to border areas. CDC secretary-general Sok Chenda Sophea said to achieve this, it is necessary to develop infrastructure there such as special economic zones (SEZ), connect them to the power grid and identify attractive industry […]
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Thailand
