The Bank of Thailand (BoT)’s two key committees have voiced concern that rising household debt poses a threat to financial stability. The country’s household debt load remains high and is trending upwards, particularly in car loans, according to a summary of a joint meeting of the Monetary Policy Committee (MPC) and the Financial Institutions Policy […]
Read MoreSINGAPORE/JAKARTA: When Resti Novita Sari booked to fly from Jakarta to her hometown of Padang to visit family for the Eid holiday, airfares were 40% to 60% higher than she had paid in previous years. “It made me think twice about buying airplane tickets,” she said, adding that she eventually paid 1.7 million rupiah ($120.48) […]
Read MoreMANILA, Philippines — Wholesale prices of building materials continued to rise in June as faster markups were seen in most construction materials, the Philippine Statistics Authority (PSA) said. The Construction Materials Wholesale Price Index (CMWPI) in the National Capital Region (NCR), which is used as a reference in the costing of government projects, grew at […]
Read MoreMGN Emperor Bank Plc’s launch into Cambodia’s growing financial industry on Sunday has led insiders to believe that fierce competition in the crowded market will lead to more mergers and acquisitions. In Channy, president and CEO of Acleda Bank, a leading local bank, said the sector will face fiercer competition as credit consumption narrows. “The […]
Read MoreThe state-run Industrial Estate Authority of Thailand (IEAT) plans to promote 18 plots spanning 35,788 rai in the Eastern Economic Corridor (EEC) as new industrial estates. The IEAT expects its board of directors to approve all 18 plots in August, said governor Somchint Pilouk. Of the soon-to-be industrial estates, eight locations are in Chachoengsao, six are […]
Read MoreThe government has given the Bank of Thailand a free hand in dealing with the baht’s rapid gain, says Deputy Prime Minister Somkid Jatusripitak. Taking care of the baht is the central bank’s duty, he said. “We’ve asked the central bank to monitor the baht’s movement, particularly in short-term fund inflows,” he said. “If the […]
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Thailand
