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World 02 Aug 2020 | 1:01 AM

Thai central bank tells commercial banks, financial institutions to slash interest rates

BANGKOK, Aug. 1 (Xinhua) -- The Thai central bank announced on Saturday that it has instructed all commercial banks and financial institutions to cut interest rates charged to customers with credit card balances and personal loans by 2 to 4 percent effective on Saturday.

Nation 30 Jul 2020 | 7:00 AM

Targeted approach the way to go

IT is a move many have been waiting for and in the end, the government together with the banks agree that the best way forward from a blanket loan moratorium for everyone is a targeted approach come October.

Nation 30 Jul 2020 | 7:00 AM

Moratorium extension and targeted bank assistance a timely move

PETALING JAYA: Lauding the moratorium extension and targeted bank assistance as timely, businesses say more measures should be introduced to help businesses to stimulate the economy.