WHEN Bank Negara released the fourth quarter (Q4) and 2020 gross domestic product (GDP) data about a month ago, the Finance Ministry (MoF) too released a report on Malaysia’s economic performance for last year at the same time. One of the interesting data that was revealed in that report was on Malaysia’s debt-to-GDP ratio. In […]
Read MoreThe Bank of Thailand is open to legal digital currencies and plans to issue a consultation paper on stablecoins within the first half of this year. Siritida Panomwon Na Ayudhya, assistant governor of payment systems policy and financial technology at the central bank, said the bank has only approved baht-backed stablecoin businesses, meaning those classified […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is expected to keep the benchmark interest rate at an all-time low of two percent this week as inflation is likely to ease back to the target toward the end of the year, according to bank economists. Alvin Joseph Arogo, vice president and head of equity […]
Read MoreThe Centre for Covid-19 Situation Administration on Friday resolved to gradually relax Covid-19 controls for foreign arrivals beginning on April 1, shortening or lifting quarantine periods and increasing the range of activities allowed them. CCSA spokesman Taweesilp Visanuyothin said that from April 1 visitors would not be required to show a fit-to-fly document. From April […]
Read MoreBusiness confidence fell to a 26-month low in February as the outbreak sapped sentiment from any economic recovery and sparked concerns about the impact on people’s daily lives. The Thai Chamber of Commerce confidence index, a gauge of nationwide business sentiment, dropped from 29.8 in January to 29.6 in February — the lowest level since […]
Read MoreMANILA, Philippines — The country’s gross international reserves (GIR) is expected to hit a record high of $114 billion this year and $117 billion next year, according to Bangko Sentral ng Pilipinas (BSP) Governor Benjamin Diokno. The GIR, the sum of all foreign exchange flowing into the country that serves as buffer to ensure it […]
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Thailand
