Representatives of skytrain employees have asked the government to pay the 50 billion baht debt the company accumulated in running the Green Line extension owned by the Bangkok Metropolitan Administration (BMA).Continue Reading
To understand the Silicon Valley Bank (SVB) collapse spooking markets, look no further than events in Jakarta. The Indonesian rupiah’s 3.2% drop since February 1 demonstrates how quickly Asia has resigned itself to the fact that the US Federal Reserve isn’t done tightening. Another batch of too-strong-for-Fed-comfort US employment figures in February only increased the […]Continue Reading
At the end of 2022, 150 countries and 32 international organizations had signed more than 200 cooperation documents related to joint infrastructure projects with China under the Belt and Road Initiative (BRI). The 2022 report to the 20th National Congress of the Communist Party of China noted that China should promote opening up to the […]Continue Reading
Investing in Ukrainian private companies, especially in existing dynamic small-to-medium-sized enterprises (SMEs), is becoming a safer bet than chasing venture-capital startups and the next unicorn à la notorious serial VC investor Marc Andreessen after the collapse of Santa Clara, California–based Silicon Valley Bank (SVB). While shareholders and bondholders of the $200-billion-plus bank financing high-risk venture-capital […]Continue Reading
HONG KONG: Top Chinese property developer Country Garden Holdings said on Monday (Mar 13) it expected to post its first net loss since listing in 2007 due to a sluggish property market and flagged a worse-than-feared drop in core profit. China’s top homebuilder by sales was the latest in aContinue Reading
NEW YORK – US bank regulators Sunday announced a massive response to last week’s run on Silicon Valley Bank (SVB) and the risk of copycat runs against other regional banks. The Federal Reserve will provide one-year loans against banks’ security portfolios through a new Bank Term Funding Program, eliminating the risk that banks might be […]Continue Reading
The Pheu Thai Party has promised a three-year debt moratorium to farmers while reiterating it will not join hands with the ruling Palang Pracharath Party in forming the next government should it meet its House seat target.Continue Reading
The Election Commission (EC) has warned against populist policies touted by political parties, saying they must clarify the sources of money to finance the policies or face a fine of up to 500,000 baht.Continue Reading
As China watchers try to get their heads around the myriad policy shifts at this week’s National People’s Congress (NPC), at least one thing is clear: the bubble just burst for local governments around the nation. In the decade-plus since the 2008-2009 global financial crisis, municipalities engaged in a historic borrowing binge. And in the […]Continue Reading
The Labour Ministry will work with the Thai embassy in Seoul to follow up on the case of an illegal Thai worker who was found dead on a mountain in South Korea’s Gyeonggi province.Continue Reading