Savings rates by locals at Thai and foreign commercial banks have more than doubled over the course of the pandemic, new data has revealed, with large depositors contributing the overwhelming majority of additional money. However, the lowering of deposit protection to a maximum of 1 million baht this month is unlikely to impact large depositors, […]
Read MoreMANILA, Philippines — The Bureau of the Treasury has deferred the issuance of retail dollar bonds (RDBs) amid the revert to stricter lockdown. National Treasurer Rosalia de Leon yesterday said the Treasury would no longer pursue its plan to sell RDBs in August to Filipinos living abroad as it adjusts its operations to the reimposition […]
Read MoreMalaysia’s economy probably contracted during the second quarter of the year as Coronavirus restrictions hit consumer spending. Its gross domestic product (GDP) contracted 0.2 percent compared with the first quarter, according to Moody’s analytics. GDP rose 2.7 percent over the second quarter. “Although recovering external demand and higher commodity prices have supported export-oriented manufacturers, movement […]
Read MoreModern trade sentiment fell to a three-year low due to the prolonged Covid-19 outbreaks, while operators were increasingly concerned about their liquidity and supply chains, according to a quarterly survey. The University of the Thai Chamber of Commerce (UTCC) on Monday reported that the modern trade sentiment index stood at 45.3 points (out of 100) in […]
Read MoreThe Vietnam Banks Association (VNBA) has sent a petition to the State Bank of Vietnam (SBV), asking the body to consider extending the rescheduling for debt repayment, to support individuals and enterprises affected by the COVID-19 pandemic. The 4th wave of COVID-19 has spread to many provinces and cities, seriously affecting production businesses and people. Many big […]
Read MoreMANILA, Philippines (Update 2, 3:06 p.m.) — The Philippines is finally out of recession in the second quarter, posting its best annual growth rate in 32 years, but the rebound was shallow and new lockdowns triggered by the fast-spreading Delta variant are threatening to reverse gains. Gross domestic product — or the sum of all goods and services created […]
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Thailand
