By 2021, digital transformation will add an estimated US$9 billion (Bt282 billion) to Thailand’s GDP and increase the growth rate by 0.4 per cent annually, according to a business study released on Tuesday. The research, “Unlocking the Economic Impact of Digital Transformation in Asia-Pacific”, was produced by Microsoft in partnership with IDC Asia/Pacific. The study […]
Read MorePhnom Penh’s construction boom has created an opportunity for specialised engineering firms to carve out a niche in the Kingdom. The Post’s Robin Spiess sat down with Masato Sanae, general manager of the Cambodian branch of Japan-based Taihei Engineering Company, to discuss how garden landscaping and construction maintenance can flourish in the capital. Why has Taihei […]
Read MoreThe garment industry’s gridlock due to a crackdown on illegal trucks continued through the Chinese New Year, potentially prolonging a crisis that members of garment and trucking associations have said threatens their industries. An open letter released on Wednesday by the Garment Manufacturer’s Association in Cambodia (GMAC) claimed the crackdown had affected more than half of the […]
Read MoreMANILA, Philippines — The proportion of government debt to the country’s gross domestic product (GDP) rose to 36.4 percent in the second quarter last year due to higher expenditures and borrowings, the Department of Finance (DOF) said over the weekend. In a report to Finance Secretary Carlos Dominguez III, the DOF’s Domestic Finance Group (DFG) […]
Read MoreMANILA, Philippines — BMI Research said private consumption in the Philippines would continue to be strong due to the sustained economic expansion as well as improving purchasing power of consumers. The research arm of Fitch Group said real private consumption is set to expand by five percent this year, slower than the 5.5 percent last […]
Read MorePETALING JAYA: Bank Negara is keeping its options open for a second interest rate hike this year, according to economists, which should hold the ringgit on a stronger footing. The local currency had strengthened 3% so far this year at 3.89 against the weakening US dollar. “We think Bank Negara has not closed the door […]
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Thailand
