The Securities and Exchange Commission (SEC) is backing off its draft plan to require a 1-million-baht minimum annual income and other requirements for cryptocurrency investors, noting the draft was just meant to test public sentiment from stakeholders. A live talk about the hearing on the SEC’s Facebook page will be rescheduled to tomorrow — three […]
Read MoreMANILA, Philippines — Singapore’s DBS Bank Ltd. expects the Bangko Sentral ng Pilipinas (BSP) to keep the benchmark interest rate at an all-time low of two percent this year due to rising inflation. Philip Wee, foreign exchange strategist for Asia at DBS, said inflation is seen accelerating further after breaching the higher end of the […]
Read MoreThe Tourism and Sports Ministry wants to directly offer subsidies to tour companies that sell packages to the elderly to help inject liquidity faster while the international market remains uncertain. Phiphat Ratchakitprakarn, the tourism and sports minister, said the agency is worried about the delay of the 5-billion-baht tourism stimulus project tailored to those aged […]
Read MoreVietnam’s economy has fared better than that of almost any other country except China during the Covid-19 crisis. It grew by 2.9% last year while most other countries fell into recession. One consequence of the crisis was that manufacturers realised the importance of diversifying supply chains, and many accelerated the China Plus One policies that […]
Read MoreThailand’s cross-border trade is expected to recover to growth of 3-6% this year, helped by Covid-19 vaccine distribution and the global economic recovery. According to Keerati Rushchano, director-general of the Foreign Trade Department, cross-border trade, which includes transit trade, is likely to generate 1.36 to 1.40 trillion baht, up from 1.31 trillion baht in 2020. […]
Read MoreKUALA LUMPUR: The headline IHS Markit Malaysia Manufacturing Purchasing Managers’ Index (PMI) – a composite single-figure indicator of manufacturing performance – dipped to 47.7 in February from 48.9 in January. “This reading indicated a further moderation in the health of the manufacturing sector, although the deterioration was considerably less marked than that seen during the […]
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