The baht opened at 31.16 to the US dollar on Wednesday, weakening slightly from 31.15 at close on Tuesday. The Thai currency is likely to move between 31.10 and 31.20 during the day, Krungthai Bank market strategist Poon Panichpibool said. He said the baht would move “sideways” while markets were awaiting the outcome of the […]
Read MoreDepositing money at banks is currently the safest and most profitable investment channel, as Covid-19 developments remain complicated and the stock market is “hot” and, thus, risky. Deposit interest rates at some banks increased slightly by 0.1-0.3 percent per annum in early June. SHB is now offering an interest rate of 5.75 percent for six-month […]
Read MoreThe government has vowed to tackle high household debt, incurred by credit card and personal loans, and offer measures to strengthen the competitiveness of local financial institutions in the long term. Prime Minister Prayut Chan-o-cha said on Tuesday that all related agencies. including the Bank of Thailand (BoT) are being ordered to accelerate addressing the […]
Read MoreFastest growth in 4 years MANILA, Philippines — Remittances sent home by overseas Filipino workers rose for the third straight month in April, recording their fastest growth in more than four years as OFW deployment accelerated amid the easing of travel restrictions as host countries ramp up COVID-19 vaccination, the Bangko Sentral ng Pilipinas (BSP) […]
Read MoreThe state-run online business registration system recorded a total of 6,164 businesses, representing the investment of $2.631 billion, during its first year of operation since launching on June 15. A total of 6,974 business applications were made through the system with 6,164 applications being approved according to the Ministry of Economy and Finance. Another 810 […]
Read MoreThe HCM City Department of Tourism has proposed that the municipal People’s Committee provide tourism businesses access to a non-interest loan package of VND208 billion (US$9.06 million). The loans will help tourism companies pay at least 50 per cent of their employees’ salaries for three months. The loans are expected to cover about 31,500 employees working in 5,002 tourism businesses in the city. The city-funded loan […]
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Thailand
