BANGKOK • Former central bank governor Chatumongkol Sonakul was picked to lead the new Action for Coalition for Thailand (ACT) party yesterday but the retired 75-year-old told The Sunday Times: "I'm not actually actively leading the party as such, day to day."
Many agrarian families find it hard to access financial assistance from institutional banks, especially if they have existing loans. They are often forced to borrow from unregulated moneylenders whose interest rates could go as high as 36 per cent.
DONGGUAN (China) • China's consumers and businesses are losing confidence. Car sales have plunged. The housing market is stumbling. Some factories are letting workers off for the Chinese New Year holiday two months early.