Rice shipments from Thailand, the largest supplier after India, are likely to decline about 4% this year amid increased competition from Vietnam and other producers. Exports will total 9.5 million tonnes in 2017, Chookiat Ophaswongse, the honorary president of the Thai Rice Exporters Association, said Wednesday in an interview. That compares with 9.88 million tonnes […]
Read MoreJAKARTA – Southeast Asian ride-hailing firm Grab on Thursday said it will invest US$700 million to expand in Indonesia over the next four years, marking its biggest-ever investment in any country. Grab’s push in what has become its largest market is set to intensify the competition among ride-hailing firms in Indonesia. Grab’s rivals in the […]
Read MoreSingapore sees little growth in fixed-asset investments this year after commitments fell to the lowest level since at least 2007, the Economic Development Board said. Capital investment in facilities and equipment planned over the next five years stood at S$9.4 billion ($6.7 billion) last year and should stabilise at around S$8 billion to S$10 billion […]
Read MoreBANGKOK: Thailand’s January headline consumer prices in January rose on an annual basis at their fastest pace in more than two years, driven by higher food and retail oil prices, commerce ministry data showed on Wednesday. But the inflation rate remains relatively low, giving the Bank of Thailand leeway to keep monetary policy loose to […]
Read MoreMANILA, Philippines – The proposed tax reform package of the Department of Finance (DOF) will have a positive impact on the country’s economic growth, according to a senior official of the Bangko Sentral ng Pilipinas. BSP Deputy Governor Diwa Guinigundo expressed support for the DOF’s proposed Comprehensive Tax Reform Program. “The BSP supports very strongly […]
Read MoreKUALA LUMPUR: Broad money or M3 recorded a stable annual growth of 3.0% in December, compared with 2.9% in November. In a statement, Bank Negara said the expansion in M3 was driven mainly by the continued extension of credit to the private sector by the banking system. The expansion, however, was partially offset by the […]
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Thailand
