The baht opened at 33.94 to the US dollar on Thursday, weakening from Wednesday’s closing rate of 33.86. The Thai currency is likely to move between 33.85 and 34.05 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said the baht would not strengthen in the short term as there are risk factors, […]
Read More[BANGKOK] Thailand’s central bank held its key interest rate unchanged as the country’s Covid-19 outbreak eases, allowing the government to loosen movement restrictions to boost local demand and tourism. The Bank of Thailand’s rate setting committee voted unanimously on Wednesday to hold the one-day repurchase rate at a record-low 0.5 per cent for an 11th […]
Read MoreKUALA LUMPUR, Sept 29 — Many Malaysian households, especially in the middle- and high-income categories, appear able to still take on new loans for purposes such as buying houses and cars, Bank Negara Malaysia (BNM) said today. In its Financial Stability Review report for the first half of this year, BNM noted that most household […]
Read MoreBALI – Indonesia’s tourism minister is advocating “baby steps” towards reopening Bali to foreign holidaymakers, with a formal decision by the government likely as early as Thursday (Sept 30). “My recommendation is that we move cautiously,” Mr Sandiaga Uno, told The Straits Times in an interview on Tuesday. “There are new (coronavirus) variants lurking. We […]
Read MorePrime Minister Pham Minh Chinh has decided to reduce land rent by 30 percent for those affected by the COVID-19 pandemic this year. According to the PM’s Decision No. 27/2021/QD-TTg, the beneficiaries include organisations, units, enterprises, households, and individuals who directly lease land from the State under competent State agencies’ decisions or contracts and make […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) ordered the closure of Lucena-based Grand Agri Rural Bank Inc., bringing to six the number of problematic banks shuttered this year. BSP Deputy Governor Chuchi Fonacier said the Monetary Board has issued a resolution prohibiting the Grand Agri Rural Bank from doing business pursuant to Section […]
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Thailand
