Businesses and economists suggested that economic growth would depend on a growing manfacutring sector, liberalisation and revising the governing framework of different sectors. Deputy minister for the Ministry of Commerce, U Aung Htoo, said that the ministry would boost export and simplify procedures for trade and exports. The comments were made to follow up the […]
Read MorePrime Minister Prayut Chan-o-cha on Thursday defended the proposed 450-billion-baht budget deficit for fiscal year 2018 while stressing the government’s spending plan is aimed at strengthening the country, not consolidating the regime’s power. In his address to the National Legislative Assembly (NLA) Gen Prayut said the 2.9-trillion-baht budget is a tool to drive national development […]
Read MoreMudman Plc, an authorised franchisee of Au Bon Pain bakery chain in Thailand, has obtained the rights to expand the bakery into Cambodia, Laos, Myanmar and Vietnam (CLMV). The move is to capture increasing demand for lifestyle products, particularly food, among the CLMV market’s growing middle class. An improved economic situation in these countries has […]
Read MoreSingapore firms will find it easier to team up with partners in fast-emerging Myanmar to explore business openings there under a new bilateral agreement. Trade agency IE Singapore signed the memorandum of understanding with the Myanmar Investment Commission (MIC) yesterday. The MOU will open doors for more Singapore firms to explore collaborations in urban and […]
Read MoreNo new loans extended by the Small and Medium Enterprise Development Bank of Thailand (SME Bank) have turned sour year-to-date, and the state-owned bank’s bad loan ratio is expected to continue to fall to 17% at year-end. None of the bank’s new loan borrowers have failed to repay their debt since the beginning of the […]
Read MoreTourist arrivals rose to 14.3 million during the first five months of this year, an increase of 2.7% year-on-year, according to the Tourism Authority of Thailand. TAT governor Yuthasak Supasorn said an improved tourism image was a factor supporting the growth visitor numbers, coupled with the new flight connections with countries such as Russia, Scandinavia […]
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