Banking

Thailand’s sovereign rating to be upgraded if political tension eases

Published

11 years ago

April 11, 2010

Thailand’s sovereign position is likely to be upgraded to A- or A+ from the existing BBB+ level if the current political turmoil ends, according to the Public Debt Management Office director-general Chakkrit Parapuntakul.

He said the world leading rating agency Moody’s Investors Service would send its officials to assess the overall Thai economy.The office is ready to give the officials an explanation and additional information about improving economic conditions of Thailand upon the increasing exports and the global economic recovery.“All key economic factors in Thailand have improved markedly, but the ongoing political standoff is the only factor affecting the economic growth,” he said.

via Thailand’s sovereign rating set to be upgraded if political tension eases.

Banking

APAC corporates likely to improve in 2021

Moody’s Investors Service says in a new report that credit conditions in APAC will improve in 2021, supported by the gradual recovery of economic activity given the early containment of the pandemic in several Asian economies.

Published

6 days ago

January 20, 2021

Pr News

Ongoing fiscal and monetary support in both advanced and emerging markets will also aid improving conditions, but renewed lockdowns in parts of the world have stalled the nascent global economic recovery and create uncertainty around improving credit conditions.

(more…)

Banking

Can Fintech drive a strong post-COVID-19 recovery in Asia?

The pandemic has highlighted the power of digital technology. Now is the time to harness this power for inclusive growth so that communities, especially in poor and remote areas, can survive the crisis and thrive.

Published

7 days ago

January 19, 2021

Asian Development Bank

To say 2020 has been a challenging year is a massive understatement. The COVID-19 pandemic has quickly undermined development gains from recent decades and slowed growth in many Asian economies.

(more…)

Banking

BoT sees mild impact of new COVID-19 wave on the economy

The Bank of Thailand (BoT) does not see the new wave of COVID-19 infections as having as much of an impact on the economy as the first wave, as fewer businesses have had to be suspended.

Published

1 week ago

January 18, 2021

National News Bureau of Thailand

BANGKOK (NNT) – Despite a new and wider wave of COVID-19 infections in the country, the Bank of Thailand (BoT) has assessed that the economic impact of the situation will not be as severe as the first wave as the effects of the virus are not as pronounced, and public health preparations, including plans for vaccination, are in place.

(more…)