Showing 1-10 of 259 results
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Central bank rate decision puts spat with PM in spotlight
Bloomberg News, Published on 09/04/2024
» As the Bank of Thailand (BoT) prepares to review monetary policy settings on Wednesday, investors will be watching for any sign that Prime Minister Srettha Thavisin’s relentless campaign for rate cuts is influencing the central bank.
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Singaporeans flock to Malaysia for bargains as dollar hits record high
Bloomberg News, Published on 08/02/2024
» SINGAPORE - Carman Lee is back in Ipoh, her hometown in northwestern Malaysia, after a seven-and-half hour bus ride from Singapore for the upcoming Lunar New Year. The Westin Singapore employee has another reason to celebrate this festive season: an all-time high local dollar that makes everything that much cheaper against the ringgit.
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Central bank seen resisting rate-cut pressure
Bloomberg News, Published on 07/02/2024
» The Bank of Thailand (BoT) will probably keep its benchmark rate steady at more than a decade-high on Wednesday, resisting political pressure for a cut as the monetary authority is wary of lowering borrowing costs too soon.
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Singapore bank sues money laundering suspect for $15 million
Bloomberg News, Published on 01/12/2023
» SINGAPORE - Oversea-Chinese Banking Corporation (OCBC) has sued a suspect involved in Singapore's biggest money laundering case, marking the first known case of a lender in the city-state taking action to recover losses.
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Thai banks, KB vying for $700m Home Credit Vietnam
Bloomberg News, Published on 07/11/2023
» Thailand’s biggest banks Kasikornbank Pcl and SCB X Pcl are among the final bidders for consumer lender Home Credit’s business in Vietnam, according to people familiar with the matter.
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Singapore’s $110,000-a-month mansion market slows down
Bloomberg News, Published on 31/10/2023
» Singapore’s luxury housing deals are drying up as one of the nation’s largest-ever money laundering scandals weighs on the market.
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China finance giant’s missed payments alarm regulators, markets
Bloomberg News, Published on 14/08/2023
» NEW YORK - One of China’s largest private wealth managers has triggered fresh anxiety about the health of the country’s shadow banking industry after missing payments on multiple high-yield investment products.
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Soaring rice prices stretch budgets for billions in Asia, Africa
Bloomberg News, Published on 10/08/2023
» KUALA LUMPUR: A surge in rice prices to the highest level in almost 15 years is renewing fears that food costs are going to get a lot more expensive for the world’s poorest people.
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Musk explains why he’s dumping Twitter name, iconic bird logo
Bloomberg News, Published on 25/07/2023
» LOS ANGELES: Elon Musk has explained his decision to strip Twitter of its famous blue-bird logo as a move to remake the business into a broad platform for communications and financial transactions, a target he’s described as the everything app.
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Tourism to limit economic pain as new government awaited
Bloomberg News, Published on 18/05/2023
» Thailand has not been spared the political uncertainty that usually comes with elections, yet foreign tourists returning by the millions this year are counted on to help shield Southeast Asia’s second-largest economy.
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