ASEAN’S 14th summit concluded in Thailand on March 1 having made some significant economic and political developments, but the association’s lofty goals will be hindered by protectionism and its non-interference policy, experts say. The Asean Cha-am Hua Hin Declaration affirmed the 10 member states’ commitment to free trade, the development of regional economic, social and […]
Entries from March 2009
Hurdles seen in Asean’s way to achieve its goals
March 9th, 2009 · No Comments
Tags: business · economy · news · Thailand · The Business Times (Singapore)
Thai banks hit by worsening asset quality
March 2nd, 2009 · No Comments
By GREG LOWE IN BANGKOK DETERIORATING asset quality is becoming a serious issue for Thailand’s commercial banks, according to new central bank figures, but analysts say the sector can face down the recession due to its strong fundamentals. Bank of Thailand figures for the last quarter showed that re-entry non-performing loans (NPLs) – failed loans […]
Tags: business · economy · news · Thailand · The Business Times (Singapore)