Consumer confidence rose for a second straight month in January to the highest level in 11 months, driven by the government’s stimulus measures, improving exports and higher farm prices. The University of the Thai Chamber of Commerce (UTCC) reported yesterday that the consumer confidence index rose to 74.5 points last month from 73.7 in December, […]
Read MoreThailand and Myanmar signed 18 memorandums of understanding (MoUs) yesterday as part of a closer strategic partnership between the two countries. Panitarn Pavarolavidya, chairman of the Thai-Myanmar Business Council and deputy secretary-general of the Federation of Thai Industries (FTI), said 16 MoUs were signed by the private sectors of the two countries, with ambitious plans […]
Read MoreReflecting industry concerns, the boss of Thai AirAsia (TAA) yesterday warned that ticket prices inflated by the jump in excise tax on jet fuel will have a detrimental effect on domestic tourism. TAA chief executive Tassapon Bijleveld said passengers flying domestic flights are mostly of the leisure type and are price-sensitive. “A 100- or 200-baht […]
Read MoreCredit cards are increasingly common in Myanmar, with most of the bigger lenders offering the product. But people in the banking sector say it will take around five years until credit cards are widely used. KBZ Bank managing director U Zaw Lin Aung speaks at a press conference announcing partnership with Visa earlier this year. […]
Read MoreViet Nam’s trade deficit rose by US$100 million in the first month of the year after enjoying a trade surplus of billions of dollars in 2016. The trade deficit accounts for 0.7 per cent of the export turnover, according to the latest update from the General Statistics Office (GSO). GSO said the country’s total import-export turnover in […]
Read MoreRetail customers offer a silver lining for banks amid tepid demand in corporate lending and the fragile state of small and medium-sized enterprises (SMEs), says Kasikorn Research Center (KResearch). Lending to individual customers in 2017 is expected to continue to outshine overall loan growth and the traditional mainstay of Thai lenders — commercial loans — […]
Read More
Thailand
