Although the Bank of Thailand is likely to begin tightening monetary policy for the first time in over seven years at today’s meeting, high-ranking executives of commercial banks say they won’t pass on higher rates to clients. Banthoon Lamsam, chief executive of Kasikornbank (KBank), said there is no need for the bank to raise both deposits […]
Read MoreThe Hanoitimes – In a context of tightening credit growth by the State Bank of Vietnam (SBV), the ability to expand service income becomes even more important for most banks. Net interest income is traditionally the main driver of income for banks. However, in recent years banks have tried to reduce their dependence on lending activities. […]
Read MoreKUALA LUMPUR: Barely a week after the International Monetary Fund slashed Malaysia’s economic growth forecast for 2018 to 4.7%, the World Bank has followed suit by cutting the country’s growth forecast for the second time this year. In the 19th edition of the Malaysia Economic Monitor, the multilateral agency trimmed the 2018 gross domestic product […]
Read MoreThe prices of eggs, long known as the most affordable source of protein, remain high after the government intervened at eight traditional markets in Jakarta on Monday. At Tebet Barat Market in South Jakarta, the price of eggs only dropped temporarily from Rp 28,000 (US$1.93) per kilogram to Rp 23,000 per kg during the market […]
Read MoreFamilyMart on Tuesday announced the expansion of express delivery service at all of its branches in Bangkok and its outskirts, with 24/7 operations in partnership with Kerry Express. Chiranun Poopat, president of Central FamilyMart, said: “Today, the e-commerce market has grown continuously for more than 20 per cent annually, and individual consumers have also had […]
Read MoreMANILA, Philippines — The inter-agency Mining Industry Coordinating Council (MICC) has decided to defer its recommendation involving a moratorium imposed on new mineral agreements pending the passage of a bill which seeks to overhaul the mining industry’s fiscal regime, according to the Department of Finance (DOF). During a meeting last week, Finance Secretary Carlos Dominguez and Environment Secretary Roy Cimatu, co-chairpersons […]
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