An interest rate hike of at least 0.5% by the Bank of Thailand’s Monetary Policy Committee (MPC) tomorrow would be enough to shore up the baht, which has depreciated by 11.5% against the greenback this year to date, analysts said. A Reuters’s poll of 25 economists found that nearly 90% of them predicted the central bank […]
Read MoreAs many major central banks tightened monetary policies to contain soaring inflation, the State Bank of Vietnam (SBV) on September 22 also decided to hike its benchmark interest rate by 100 basis points, effective September 23. This is the first rate hike by the SBV since 2020, after the outbreak of the COVID-19 pandemic. According […]
Read MoreMANILA, Philippines — The research units of Fitch and Moody’s Groups sees the Bangko Sentral ng Pilipinas (BSP) delivering more rate hikes until December to tame inflation and stabilize the peso. In a report, Fitch Solutions Country Risk & Industry Research said the BSP is expected to hike in tandem with the US Federal Reserve […]
Read MoreSINGAPORE: Asian markets risk a reprise of crisis-level stress as two of the region’s most important currencies crumble under the onslaught of relentless dollar strength. The yuan and yen are both tumbling due to the growing disparity between an uber-hawkish Federal Reserve and dovish policy makers in China and Japan. While other Asian nations are […]
Read MoreThe Bank of Thailand will implement an amended guideline on responsible lending within this year to improve borrowers’ debt repayment ability as a part of continued efforts to contain household debt. The amended guideline will cover the full range of areas of household debt procedures, including before loan application, during the loan repayment period and in the […]
Read MoreThe visa process does not always go smoothly. Sometimes, it moves so slowly that some specialists cannot enter Vietnam on schedule, leading to production disruptions. A cumbersome visa process is holding back projects funded by foreign direct investment (FDI), according to insiders. Nguyen Xuan Thang, Chairman of Schaeffler Vietnam, said his company needed foreign specialists […]
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