[BANGKOK] Thailand’s fiscal policy should play a greater role to help the economy recover from the impact of the coronavirous pandemic, the central bank governor said on Friday, with the benchmark interest rate at a record low. The Bank of Thailand (BOT) will focus on assisting with debt restructuring, Veerathai Santiprabhob told reporters after the […]
Read MoreINDONESIA’S central bank is likely to be done with rate cuts for now, with the economy’s recovery to be supported by quantitative measures instead, said economists after Bank Indonesia’s Aug 19 decision to keep its policy rate unchanged at 4 per cent, in line with market expectations. Compared to previous rounds, the tone of the […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) kept its key interest rates unchanged yesterday, as expected, saying the current monetary policy settings remain appropriate for the time being. In a virtual press briefing, BSP Governor Benjamin Diokno said the Monetary Board decided to maintain the overnight reverse repurchase rate at an all-time low […]
Read MorePETALING JAYA: Local hotel operators are expecting occupancy rates to pick up slightly in the final quarter of this year, according to a survey by the Malaysian Association of Hotels (MAH). However, average occupancy rates, which have been severely hit by the Covid-19 pandemic, are expected to continue remaining lacklustre for the remainder of 2020. […]
Read MoreThe Hanoitimes – A trade surplus of US$10.08 billion as of August 15 puts Vietnam in a strong position to surpass the record figure of US$11.12 billion in 2019. Vietnam recorded a trade surplus of over US$4 billion in trade surplus in just 30 days, resulting in a surplus of US$10.08 billion in the year to […]
Read MoreBusiness sentiment rose for the second straight month in July, driven by the relaxation of the government’s coronavirus lockdown measures. Concerns remain rampant, particularly about a second wave of the virus and growing political discord. The University of the Thai Chamber of Commerce (UTCC) said yesterday that business confidence edged up to 31.8 in July […]
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Thailand
