MANILA, Philippines — The expected easing of inflation over the next few months due to soft global oil prices will give the Bangko Sentral ng Pilipinas more room to cut interest rates to boost economic activity amid the coronavirus disease 2019 or COVID-19 outbreak, according to BSP Governor Benjamin Diokno. Diokno said inflation may ease […]
Read MoreThe central bank kept the key interest rate unchanged at a record low at its March 25 meeting to preserve policy room amid heightened uncertainties from the coronavirus outbreak, minutes from the meeting showed on Wednesday. The Bank of Thailand’s monetary policy committee (MPC) voted 4-2 at that meeting to keep the one-day repurchase rate […]
Read MoreThe baht opened at 32.78 to the US dollar this morning (April 7), strengthening from Friday’s close of 32.95, said Jitipol Puksamatanan, head of Markets Strategy at SCB Securities. He expected the baht to move between 32.70 and 32.95 to the US dollar today and between 32.50 and 33.00 this week. “On Monday night [Thailand […]
Read MoreMANILA, Philippines — The Department of Trade and Industry (DTI) has allowed enterprises that are part of the supply chain of food and other essential products to operate, as well as establishments producing basic commodities to have 50 percent of their workforce report for work, to ensure stable supply of goods while the enhanced community […]
Read MoreBANKS will see their capital and liquidity requirements adjusted to help sustain their lending activities amid the Covid-19 pandemic, among other fresh measures announced by the Monetary Authority of Singapore (MAS) in a statement on Tuesday. This move to ease requirements and supervisory programmes of financial institutions (FIs) is to enable them to focus on […]
Read MoreThe Cabinet agreed on Tuesday (April 7) to extend the cash-handout period from three months to six months, Finance Minister Uttama Savanayana said after the Cabinet meeting. The government aims to provide Bt5,000 in cash per month to 9 million people from April 8 until September. As many as 24.2 million people have so far […]
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Thailand
