Showing 1 - 6 of 6
Vietnam convicts death-row tycoon of fraud in new trial
Bloomberg News, Published on 17/10/2024
» A Vietnamese real estate tycoon facing the death penalty for fraud has been sentenced to life in prison after being found guilty on additional charges, showing the extent of the ruling Communist Party’s determination to crack down on corruption.
‘No excuses’: After rate cut, pressure shifts to PM
Reuters, Published on 17/10/2024
» After months of withstanding political pressure and public bickering, the Bank of Thailand on Wednesday delivered what the government had been pressing for: it cut its key interest rate, the first reduction since 2020.
Industrial sentiment dips in September
Business, Lamonphet Apisitniran, Published on 17/10/2024
» The Thai Industries Sentiment Index (TISI) continued to decline to 87.1 points in September, in part because of the impact of severe flooding and slow economic growth.
BoT, govt may have wrong inflation data
Oped, Chartchai Parasuk, Published on 17/10/2024
» At the time of writing (Tuesday), the Bank of Thailand's Monetary Policy Committee (MPC) had not met to decide on the policy interest rate which is currently set at 2.50%. The panel was scheduled to meet yesterday and the committee was under pressure to lower the rate by 25 basis points. The pressure arises from many months of low inflation rates and the recent strong Thai baht. Several central banks in the region have cut their policy interest rates for those two reasons. The latest one is the Bank of Korea.
The magic of Rome
Life, Pattarawadee Saengmanee, Published on 17/10/2024
» As Rome welcomed the arrival of autumn, waves of avid tourists converged at the crossroads of Via delle Muratte, Via dei Crociferi and Via Poliand. It was becoming challenging for them to find an ideal spot to take photos of the Trevi Fountain, but they kept tossing a coin into it, wishing to revisit the Eternal City.
Tourism to gain from central bank cut
Business, Molpasorn Shoowong, Published on 17/10/2024
» Thailand's policy rate cut is expected to benefit the tourism industry, letting business operators invest and upgrade their services to improve competitiveness, while tourist spending could increase.