The central bank is concerned about the rising household debts, Titanun Mallikamas, assistant Bank of Thailand governor responsible for monetary policy, said on September 2. His comment came after the National Economic and Social Development Council raised an alarm about rising household debts at a press conference the same day. Household debt nationwide stood at […]
Read MorePETALING JAYA: Amid the downside risk to growth, Malaysia is expected to lower interest rates in the fourth quarter of this year, according to Nomura Research. According to the research house, Malaysia and India are the only Asian countries that are unlikely to expand fiscal policy to boost domestic demand, but they will likely cut […]
Read MoreThe government last week urged companies from the Chinese provinces of Guangdong and Sichuan to consider investing in the Kingdom. Speaking during a business forum held at Sokha Hotel Phnom Penh, Sam Sereyroth, state secretary of the Commerce Ministry, said Cambodia is one of the most attractive investment destinations in the region. “We welcome all […]
Read MoreSINGAPORE: Singapore needs to remain open to skilled foreign workers, especially in the technology sector, in order to ensure the economy stays a globally competitive one, the nation’s trade minister said. The city state couldn’t afford to take an “inward-looking, protectionist approach” like some countries that have put up barriers to protect local industries and […]
Read MoreMANILA, Philippines — DBS Bank Ltd of Singapore expects the Bangko Sentral ng Pilipinas (BSP) to slash interest rates by another 50 basis points this year as inflation is seen hitting bottom next month due to base effects. Maysita Crystallin, economist for the Philippines and Indonesia at DBS, said inflation may remain stable for the […]
Read MoreBitcoin Co Ltd (bx.in.th), Thailand’s largest digital asset exchange, will cease its operations at the end of this month “to focus on other business opportunities”, igniting a price slump for digital assets traded on the exchange. The price of Bitcoin traded on bx.in.th fell by 3.6% as of Monday’s press time. The price of the […]
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Thailand
