MANILA: Any increase in capital outflows could make it more difficult for companies and governments to refinance foreign debt in developing East Asia, with Indonesia and Thailand most at risk, says the World Bank. Outflows pose “potentially disruptive implications for business operations and solvency on the corporate side, and for deficit financing and debt sustainability […]
Read MoreTHAI Beverage Plc (ThaiBev), Thailand’s biggest beverage producer, yesterday announced a major strategic reshuffle of executives under a revamped management structure that will back the company’s growth ambitions for its beer business in the Asean region. The restructuring was undertaken in the wake of the company’s acquisitions of breweries in Myanmar and Vietnam. Fraser and […]
Read MoreAlmost half of new mortgages in the second quarter had a loan-to-value (LTV) ratio of more than 90%, and those with a loan-to- income (LTI) ratio above five times made up nearly one-third, says a senior official at the Bank of Thailand. The data points to deteriorating credit standards, explaining why the central bank is concerned […]
Read MoreEnergy policymakers will raise the 30-baht-per-litre cap on diesel if oil prices exceed US$90 per barrel, the energy minister says. The Energy Policy Administration Committee (Epac) is considering whether to carry on with capping the diesel price below 30 baht per litre, as forecasts see global oil prices continuing to rise. On Tuesday, Brent crude hit […]
Read MoreThe Singtel Group on Tuesday debuted VIA, its cross-border mobile payment alliance with regional associate Advanced Info Service (AIS) and additional launch partner Kasikornbank (KBank), Thailand’s largest digital bank. Singapore-based Singtel, AIS and KBank will now offer QR code-based mobile payments through mobile wallets – Singtel Dash, AIS GLOBAL Pay and Rabbit Line Pay – […]
Read MoreCounter Service, the first agent for tourist VAT refund, will charge a 10% fee for the service, according to the Revenue Department. The department on Monday named the subsidiary of Charoen Pokphand Group as the agent in Bangkok and the vicinities under a pilot project running until March 31 next year. Two other candidates were […]
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