JAKARTA: Indonesia’s benchmark interest rate of 3.50% was already low, central bank governor Perry Warjiyo said on Monday, while also underlining the central bank’s efforts to accelerate bank lending ahead of a policy review this week. “We’re continuing to push for interest rate transparency (among banks) because BI’s benchmark has gone down sharply since last […]
Read MoreMany Vietnamese tycoons regret that the largest beer company in Vietnam, the Saigon Alcohol Beer and Beverage Joint Stock Corporation (Sabeco), has fallen into the hands of Thai investors. When the state divested capital from Sabeco, many Vietnamese enterprises wanted to acquire it, but no Vietnamese corporation qualified to enter the final list. Small and […]
Read MoreThe government recently relaxed the loan terms for tourism businesses to encourage more micro, small and medium enterprises to avail of the loan program. In a statement, the Department of Tourism (DoT) said that under the relaxed terms of the Coronavirus disease 2019 (Covid-19) Assistance to Restart Enterprises (Cares) for Travel program, the grace period […]
Read MoreAfter months of continuous trade surplus, Vietnam witnessed the return of a trade deficit in May, but it is too early to conclude whether this represents a new trend in the balance of trade though a bumpy road remains ahead for businesses. According to the General Statistics Office of Vietnam (GSO), the country earned $26 […]
Read MoreThe baht opened at 31.08 to the US dollar on Monday, unchanged from its closing rate on Friday. The Thai currency is likely to move between 31.05 and 31.15 during the day and between 30.90 and 31.30 this week, Krungthai Bank market strategist Poon Panichpibool said. He predicted that the baht would tend to move […]
Read MoreMANILA, Philippines — The Philippines’ current account surplus may narrow over the next few years as the country recovers from the pandemic-induced recession, according to S&P Global Ratings. The debt watcher said the surplus may narrow to 2.3 percent of gross domestic product (GDP) this year, 1.2 percent in 2022 and 0.1 percent in 2023 […]
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Thailand
