Thailand’s Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has opposed the Pheu Thai Party’s pledge to increase the daily minimum wage to 600 baht as it could affect the business sector’s competitiveness.

As competition for deposits escalates, the net interest margins (NIM) of Malaysia’s was anticipated to come under pressure and affect earnings in the medium-term. The slower economic growth in 2023 could put a drag on the banks’ earnings in the future, although analysts believed that pre-emptive provisions could reduce the impact.

According to Deputy Finance Minister Suahasil Nazara, Indonesia has tremendous potential to boost the green energy development, as 60% of the country’s energy is anticipated to be supplied from renewable sources by 2060.