Economists are warning the baht will weaken further throughout this month because of higher volatility in money and capital markets worldwide after the US Federal Reserve’s hawkish benchmark interest rate hike. Krungthai Compass, a research house under Krungthai Bank, forecasts the baht will dip to high-34 to mid-35 against the US dollar by the end […]
Read MoreBENGALURU, June 21 (Reuters) – Bank Indonesia will leave its key interest rate steady at 3.50% on Thursday but over one-quarter of economists in a Reuters poll expect a rate rise to stem imported inflation from a weak rupiah currency as the U.S. Federal Reserve tightens aggressively. Indonesia’s central bank is one of a few major Asian […]
Read MoreThe gross premiums from insurance in the country, including life and general, grew by 10.2 percent in 2021 compared to the previous year, according to the Financial Stability Report, released by the National Bank of Cambodia, indicating a growing awareness among the members of the public about the importance of insurance as a hedge against […]
Read MoreFinance Minister Arkhom Termpittayapaisith asked the Bank of Thailand to discuss with commercial banks whether they can raise their interest rates on a gradual basis in the event the central bank decides to raise its policy rate. Mr Arkhom said the central bank shares the ministry’s goal of continuing a gradual Thai economic recovery. He […]
Read MoreLaos will shortly begin supplying Singapore with electricity under the Laos-Thailand-Malaysia-Singapore Power Integration Project (LTMS-PIP). Vientiane Times reported on Monday that a total of 100 MW will be supplied by Laos to Singapore as a trial run. The power purchase agreement was signed in Vientiane Capital on Friday by Managing Director of the Lao state-owned Electricite du […]
Read MoreThis marked the seventh price hike since April 21. The retail prices of biofuels E5-RON92 rose by VND190 to VND31,300 per liter (US$1.35) and RON95 by VND500 to a record high of VND32,870 ($1.42) from 3:00 pm today [June 21]. RON95 currently makes up 70% of the total amount of consumed petroleum products in the […]
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Thailand
