Thailand has cut interest rates for the second time since November, at a time when other Asia Pacific economies are considering potential increases.
The Bank of Thailand (BoT) reduced its benchmark interest rate by 0.25 percentage points to 2%, its lowest level in three years. The bank’s monetary policy committee said that it was acting to “lend more support to the economy” and singled out the recent slump in tourism as a result of the country’s political unrest.
“The committee judges that downside risks to growth have risen in the wake of [the] prolonged political situation,” the bank announced. “Monetary policy should be used when it is effective in supporting the economic recovery.”
Thailand’s economic growth has slowed to 0.6% in the fourth quarter of 2013 from 2.7% in Q313. A major factor in the slowdown has been the street protests in the capital of Bangkok in recent months. The political unrest has delayed major infrastructure investments, on which Thailand’s planned growth is largely dependent.
Demonstrators aim to oust prime minister Yingluck Shinawatra. Thailand held new elections at the start of last month but an opposition boycott, as well as their attempts to disrupt voting, rendered the results inconclusive, delaying the formation of a new government.
In today’s digitally connected world, infinite quantities of data are produced by consumers daily at a mind-boggling pace and volume. With under three months left to prepare, here are four areas for businesses to consider, to make sure they are ready for GDPR implementation.
Cash-flow based metrics now feature prominently alongside traditional revenue measures of business performance in the key figures or financial summary pages of any public company.
GTNews asks Pugsley about what advice she would give to treasurers dealing with mergers and acquisitions, what the key challenges for her year ahead will be and how she is selecting a treasury management system (TMS).
The US money market fund reforms came into effect in 2016 and are already dramatically shaping US fund industry with investors flooding out of prime funds and into government securities. While the reforms are similar, they are not the same. GTNews interviews Yeng Bulter, global head of the cash business at State Street Global Advisors on the differences.