A rise in illegal onion imports from China is crowding out local onion producers and could eventually lead to an oversupply and lower prices. Onions from China first entered the country on a large scale in 2015, when the Ministry of Commerce authorised the import of 800 tonnes of onions from China and Thailand to […]
Read MoreThe economy grew at its fastest pace in more than four years in the second quarter, prompting the government’s planning unit to raise its 2017 economic growth forecast range to 3.5-4% from 3.3-3.8% projected in May. The National Economic and Social Development Board (NESDB) reported yesterday that Thai GDP rose by 3.7% year-on-year in the […]
Read MoreMANILA — Philippine Finance Secretary Carlos Dominguez said on Tuesday the authorities were not worried about the peso’s weakness, but were monitoring the speed at which it moves against the US dollar. The peso hit an 11-year low on Friday but opened slightly firmer on Tuesday at 51.45 versus its close on Friday at 51.49. […]
Read MoreTEMPO.CO, Jakarta – Finance Ministry Sri Mulyani said that the government is aiming for 6.3 percent investment growth in a bid to achieve the economic growth target of 5.4 percent set in the draft 2018 state budget (RAPBN). “We assume that bank loans will grow considerably. Having seen the realization up to mid-year, it must be stepped up,” Sri said in her office yesterday. According to Sri, bank loan growth will be highly affected by the […]
Read MoreThe peso’s recent movements are consistent with monetary policies aimed at fostering sustained economic growth, the Bangko Sentral ng Pilipinas (BSP) said. “Pursuing a flexible and adaptive exchange rate policy enables the BSP to keep its interest rate policy settings squarely focused on achieving the inflation target while dampening consumption and supporting a more investment- […]
Read MoreHCM CITY — Around 90 delegates from 21 APEC member economies met at a workshop on Monday to discuss ways to enhance regulatory expertise as it relates to WTO’s agreement on Technical Barriers to Trade (TBT). The workshop was held within the framework of the third Senior Officials Meeting (SOM 3) and related meeting being held in the city. Speaking at the workshop, Nguyen […]
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Thailand
