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Thailand, Malaysia Set Rules for Banks Entry Under Asean Accord

Thailand, Malaysia Set Rules for Banks Entry Under Asean Accord
bloombergquint.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bloombergquint.com Daily Mail and Mail on Sunday newspapers.

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Thailand risks first double-dip recession since 1998 crisis

Thailand risks first double-dip recession since 1998 crisis
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Round up of Thailand news with AJW

Round up of Thailand news with AJW
eturbonews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from eturbonews.com Daily Mail and Mail on Sunday newspapers.

Western Australia , United Kingdom , Sri Lanka , Galle Face Hotel , Krung Thep Mahanakhon , Ministry Of Finance , Al Qahirah , Daniel Fineman , Michelle Smith , Tri Augkaradacha , Ashley Cole , Paiboon Upatising , Kottarapattu Chatthu Kuttan , Kasikornbank Pcl , Pansiri Prapawat , Islamist Morsy , Surin Taptong , Tammee Lynn , Phuket Kata , Boontuck Wungcharoen , Credit Suisse Group Ag Thailand , Siam Commercial Bank Pcl , Bangkok Bank Pcl , Ubs Ag , Bank Index , Historic Hotels ,

Japanese banks take on strategic roles

Japanese banks take on strategic roles
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09/07/2021

09:53
GMT+7
Given their financially sound cornerstone and professional know-how, Japanese megabanks are actively exploring sensible bolt-on opportunities of banks in Southeast Asia, including Vietnam, as a critical part of their international market expansion.
MUFG has been working in collaboration with VietinBank for years. VIR photo: Le Toan
Japan’s Sumitomo Mitsui Banking Corporation (SMBC), the banking arm of Sumitomo Mitsui Financial Group (SMFG) was last week reported to have acquired a 5 per cent stake in Philippines-based lender Rizal Commercial Banking Corp (RCBC), equivalent to around $93.9 million. ....

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Bank of Thailand is expected to keep its benchmark interest rate unchanged as virus wave in focus

BANGKOK, May 5 (Bloomberg): The Bank of Thailand is expected to keep its benchmark interest rate unchanged on Wednesday as investors seek clarity on how the nation’s biggest wave of Covid-19 infections yet is impacting the economy.
All 22 economists surveyed by Bloomberg expect the central bank to keep the policy rate at at a record-low 0.5% for an eighth straight meeting. The Monetary Policy Committee also will assess how the pandemic is affecting the economy.
The recovery was gaining steam in March before the latest outbreak hit, with Thailand’s total virus cases and deaths since the pandemic began more than doubling in April. With containment measures now in place across the country, the Finance Ministry last week cut its forecast for 2021 gross domestic product to 2.3% growth, from 2.8% expected earlier. ....

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