After the last two interest rate cuts, lending rates on the market have fallen to below 8% per annum. Local commercial banks are willing to cut lending rates to further support local enterprises and people, central bank’s deputy governor Dao Minh Tu said on April 25. The State Bank of Vietnam (SBV) will continue to give further […]
Read MoreTHAILAND’S finance ministry has lowered its 2023 economic growth outlook to 3.6 per cent from 3.8 per cent projected earlier, on expectations of a fall in exports as global demand weakens, officials said on Tuesday (Apr 25). Exports, a key driver of Thai growth, are expected to drop 0.5 per cent this year, compared with […]
Read MoreThailand plans to sell 40 billion baht (UScopy.17 billion) of government savings bonds next month to help finance a budget deficit, a finance ministry official said on Wednesday. The seven and 10-year bonds will be offered from May 10, Jindarat Viriyataveekul, deputy head of the ministry’s public debt management office, told a news briefing. Source: https://www.bangkokpost.com/business/2557666/big-bond-sale-to-finance-govt-deficit
Read MoreTwo new investment projects worth over $10 million have been approved by the Council for the Development of Cambodia (CDC). The investment projects involve establishing a garment factory and a packaging factory, creating over 2,900 jobs. In a Facebook post, the CDC stated that the Cambodian Investment Board (CIB) has decided to issue investment project […]
Read MoreMANILA, Philippines — Philippine agricultural trade will sustain growth for the third straight year this year, as the El Niño phenomenon is seen to trigger higher imports. Latest data from the Philippines Statistics Authority (PSA) showed the value of the country’s agricultural trade expanded for the second straight year in 2022. It said agricultural trade […]
Read MoreThe purchase and sale of foreign currencies between individuals and legal entities is illegal and is prohibited, with only commercial banks authorised to trade in foreign currencies, the central bank has warned. The Bank of the Lao PDR (BOL) on Monday issued a notice warning that the bank, in cooperation with the Ministry of Public […]
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