THE WORLD Bank (WB) has revised up Thailand’s economy growth this year to 4.1 per cent from its previous estimate of 3.6 per cent given the country’s robust performance. The bank has also revised up its forecast of Thailand’s economy in the year 2019 and 2020 to 3.8 per cent for both years, up from […]
Read MoreSIEMENS yesterday expressed its long-term commitment to China’s Belt and Road Initiative (BRI), embracing a scheme that the German company says can potentially change the global order in trade and economics. The company, which bills itself as the world’s leading infrastructure company and supplier of engineering technology products and services, yesterday signed more than 10 […]
Read MoreAs Thailand gradually transforms into an ageing society, the potential economic and social burden of retiring workers is one issue that is likely to be on the minds of many employees, employers, and policymakers. New amendments to Thailand’s Labour Protection Act have addressed this issue by introducing a retirement regime for Thai private sector employees, placing […]
Read MoreAfter effectively scrapping the unpopular six-per cent goods and services tax (GST) on June 1, Malaysia’s new government will re-introduce a refined sales and services tax (SST) in September, giving its citizens a break of just three months from such a general tax. Abolishing the GST was one of the key promises of Prime Minister […]
Read MoreSingapore’s sovereign wealth fund GIC has decided to fully exit its four-year-old investment in Vietnamese taxi firm Vinasun (VNS) at a time when traditional cab operators are struggling given the rise of ride-hailing technology players. In a disclosure to Ho Chi Minh City Stock Exchange, GIC said it sold all the 5.4 million shares, equivalent to a 7.96 per […]
Read MoreInflation was recorded at 0.21 percent in May, higher than 0.1 percent recorded in the previous month, the Central Statistics Agency (BPS) announced on Monday. The latest figure brought year-to-date (ytd) inflation at 1.3 percent. Meanwhile, year-on-year (yoy) inflation was recorded at 3.23 percent in May, lower than 4.33 percent and 3.33 percent recorded over […]
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Thailand
