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Asia Vacation

Thai central bank slashes rates to support economy

BANGKOK – The Bank of Thailand cut its main interest rate by a bigger-than-expected 75 basis points to 2.00 percent on Wednesday, the second hefty cut in two months to support the economy and ward off the risk of recession.

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Asia Vacation

Thai Central Plaza Hotel cuts spending due to unrest

  Thailand's Central Plaza Hotel CENT.BK (CENTEL) said on Tuesday it had cut its investment budget for the next two years and put an expansion plan on hold as a result of the closure of Bangkok's two airports. The company would cut its investment by more than 1 billion baht ($28 million) from an earlier […]