Experts say they expect stronger economic recovery momentum in the second half of this year, due to hefty exports, rising farm prices and massive government infrastructure, particularly in the Eastern Economic Corridor (EEC). However, some negative factors such as a strong baht and uncertainty about the new Royal Decree on Recruitment of Foreigners that could […]
Read MoreExports in June surged 11.7% year-on-year despite the firmer baht, supported by strong orders from traditional markets and boosting the government’s confidence of meeting the full-year target of 5% growth in export value. The double-digit growth in June after a 13.2% leap in May signals a brighter outlook for the second half, the Commerce Ministry said, […]
Read MoreMANILA — Most Southeast Asian stocks fell on Friday, in line with Asian markets, after the European Central Bank and the Bank of Japan kept rates steady and signalled that they were in no hurry to start unwinding their massive stimulus programmes. Asian markets edged down, with MSCI’s broadest index of Asia-Pacific shares outside Japan, […]
Read MoreNearly a year after the government announced that it would consider scrapping the controversial and burdensome 1 percent minimum tax obligation that is paid on monthly revenue flows, the Ministry of Economy and Finance has provided guidelines on how taxpayers who satisfy its accounting guidelines can obtain an exemption. According to a prakas signed by the finance minister on […]
Read MoreHANOI — Vietnamese villagers blockading a textile plant that serves global fashion brands are seeking the permanent closure of the factory due to pollution concerns, highlighting a growing readiness in Vietnam to campaign over environmental issues. Hundreds of people from Hai Duong, 50km east of Hanoi, have kept watch in shifts day and night since […]
Read MoreEconomic growth prospects in developing Asia for 2017 have improved on the back of stronger-than-expected export demand in the first quarter of this year, according to a new Asian Development Bank (ADB) report. In a supplement to its Asian Development Outlook 2017 report, ADB upgraded its growth outlook in the region from 5.7 per cent to […]
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Thailand
