MANILA, Philippines — The country’s outstanding debt jumped to its highest level of P13.7 trillion in January, largely due to the government’s global bond issuance, with further increases expected amid high interest rates globally. Data from the Bureau of the Treasury showed that the national debt settled at P13.7 trillion as of end-January, rising by […]
Read MorePeople rushed to book hotels during the first day of the latest phase of the hotel subsidy programme, with 112,876 room nights reserved out of 560,000 available under the scheme within six hours. Tourism Authority of Thailand governor Yuthasak Supasorn said the value of transactions during the first six hours of availability on Tuesday reached 443 […]
Read MoreState-owned Sihanoukville Autonomous Port (PAS) announced that its total revenue for the fourth quarter decreased 12.16 percent to 77.01 billion riels when compared with revenue of 87.67 billion riels for the same quarter in 2021. The public listed company said it posted a loss of 14 billion riels for the quarter as against a profit […]
Read MoreBanks are maintaining a cautious approach in dealing with the current crisis in the real estate market. Although real estate enterprises would like the banking industry to reconsider solutions such as rescheduling debts, reducing interest rates, and loosening monetary policy. Real estate loans Risk coefficient in loans for real estate businesses increased from 150 percent […]
Read MoreIf you’re planning to travel abroad, it’s important to consider the foreign exchange rate to manage your personal finances, especially as the baht is increasingly volatile against the US dollar. If you’re an importer or exporter and you don’t hedge against foreign exchange rates, your business may suffer from the baht’s fluctuations as the Thai currency has […]
Read MoreJust a few days ago, minister of international trade and industry Tengku Datuk Seri Zafrul Tengku Abdul Aziz revealed Tesla will officially set up shop in Malaysia. This will see the American car company establish a head office here together with Tesla Experience centres as well as a Supercharger network. According to the ministry of international […]
Read More
Thailand
