Banking
GDP growth just 2% in 2014 says Kasikorn Research Center
The Kasikorn Research Center says the Thai economy may grow only 2% if political conflict in the country drags on over six months of this year.
The Kasikorn Research Center says the Thai economy may grow only 2% if political conflict in the country drags on over six months of this year.
Meanwhile the Commerce Ministry also forecast higher inflation for the seventh consecutive month in February.Kasikorn Research Center deputy managing director Pimonwan Mahujchariyawong said the country’s economy is still risking political uncertainty that could see consumption and investment slowing down.In the first half of this year, economic growth is expected to rise 0.3-1.2%, but depending on major events in March and April. For the export sector, she said it could grow 5% due to global economic recovery.
via Kbank says economic growth just 2% this year | Thai PBS English News.
Asean
12 Things to Know about the ASEAN Catalytic Green Finance Facility (ACGF)
The ACGF is an ASEAN Infrastructure Fund initiative managed by ADB’s Southeast Asia Department Innovation Hub. It helps Southeast Asian governments prepare and finance infrastructure projects promoting environmental sustainability and contributing to climate change goals.
Southeast Asia faces an infrastructure investment shortfall of more than $100 billion a year, which may have worsened amid the COVID-19 pandemic.
Banking
Thai cabinet approves 350 billion baht Aid for COVID-hit Businesses
Thailand unveiled new measures to help small and medium COVID-hit businesses in the tourism industry hit by a liquidity crunch.
The Thai cabinet has approved assistance worth 350 billion baht($11 Billion) to help businesses affected by COVID-19 with soft loans and asset warehousing.
Banking
APAC Banks to Face Portfolio Valuation Losses As Yields Rise
The latest data suggest that Fitch-rated banks in Hong Kong, India, Indonesia, Malaysia and Taiwan have the largest AFS securities portfolios, and display particular sensitivity to changes in yields.
Fitch Ratings-Hong Kong/Singapore-21 March 2021: A rise in yields for long-dated sovereign bonds will result in near-term losses for Asia-Pacific (APAC) banks as they recognise valuation changes on their available-for-sale (AFS) bond portfolios, but the capital impact should be manageable for most rated banks, says Fitch Ratings.
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