Bloomberg Thailand’s parliament approved the nation’s annual budget that seeks to ramp up spending on tackling the Covid-19 outbreak while slashing outlays for defense and education with the government revenue coming under pressure from a worsening growth outlook. The 3.1 trillion baht ($93 billion) spending plan for the fiscal year starting October 1 received the backing of 257 lawmakers. A ...

Abu Dhabi / WAM Abu Dhabi Commercial Bank PJSC (ADCB) received an upgrade in its MSCI ESG rating to ‘AA’ from ‘A’ driven by “leading digital transformation initiatives” to support small businesses as well as its robust customer data protection and information security practices. Following the upgrade, ADCB is now ranked by MSCI as a global “leader” and in the ...

Abu Dhabi / WAM Members of the UAE Parliamentary Division of the Federal National Council (FNC) met virtually with Gennaro Migliore, Chair of the Parliamentary Assembly of the Mediterranean (PAM), to discuss means of bilateral cooperation and coordination at the regional and international parliamentary levels. Present at the meeting were FNC members Maryam Majid bin Theneya, Chairwoman of the division’s ...