The state-run Electricity Generating Authority of Thailand (Egat) has been ordered to purchase a new block of 200,000 tonnes of crude palm oil in May and June to increase the domestic prices of fresh palm nuts and crude palm oil. The government hopes to push the price up to 2.80-3 baht per kilogramme for fresh palm […]
Read MoreThe implementation plan for a national statistics policy which gives priority to the private sector in areas such as local industrial production, trading, wholesale and retail will be finalised this year, says U San Myint, director general of Central Statistical Organisation. After the government approves the action plan, which is being drawn with assistance from […]
Read MoreKUALA LUMPUR: Malaysia’s central bank is likely to cut its benchmark rate to 3% at a policy review on Tuesday to cope with a slowdown in growth, a slim majority of analysts in a Reuters poll said. Seven of 13 economists polled see a 25 basis point rate cut while the other six said Bank […]
Read MoreUNITED Overseas Bank is the second Singapore lender to feel the sting of last year’s property cooling measures. While UOB posted a rise in its overall mortgage book, the bank said it came from its regional markets. UOB reported higher net profit for its first quarter of 2019, up 8 per cent to S$1.05 billion, […]
Read MoreA SLIGHT dip in the consumer price index (CPI) for last month has kept inflation on track to meet the 1.2 per cent growth target for this year set by the Commerce Ministry. “The Commerce Ministry is maintaining its target inflation bracket for 2019 at between 0.7 and 1.7 per cent, with a mean of […]
Read MoreThe Central Bank of Myanmar (CBM) has raised annual credit card interest rates to 20 percent from 13pc as it wants to control unsecured lending operations, an official from the CBM told The Myanmar Times. The CBM announced that banks can charge a maximum of 20pc in interest rates on credit cards on April 24. “The […]
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Thailand
