Thailand’s exports are set to contract by 1.6 per cent year-on-year, due to the US-China trade conflict, predicted Siam Commercial Bank’s Economic Intelligence Centre (EIC) on Tuesday, The centre adjusted down their April export forecast of 2.7 per cent growth, to a new negative forecast of 1.6 per cent contraction. The EIC also adjusted down […]
Read MoreKUALA LUMPUR: The ringgit opened lower against the US dollar today, in line with most emerging Asian currencies, as investors shifted their attention towards the safe-haven currencies, said a dealer. At 9.20am, the local currency stood at 4.1410/1430 versus the greenback compared to 4.1390/1420 at yesterday’s close. The greenback according to him has continued its […]
Read MoreThe Hanoitimes – Private sector and commercial financing are among recommendations which the World Bank has made. The World Bank has identified financing needs and constraints for the electricity and natural gas sectors in Vietnam from 2018 through 2035 and outlines a roadmap for seizing these opportunities as the country has experienced double-digit growth in energy […]
Read MoreSecond-tier provinces are emerging as drivers of Thailand’s 800-billion-baht market for fast-moving consumer goods because of growing urbanisation and the government’s emphasis on infrastructure investment and tourism promotion. Somwalee Limrachtamorn, managing director of Nielsen Thailand, said the retail index for fast-moving consumer goods in the first half improved on the year-earlier reading and is expected […]
Read MoreThe government and the House of Representatives on Monday agreed to revise down the tax to gross domestic product (GDP) ratio assumption for the 2020 state budget to 10.57 to 11.18 percent from the initial figure of 10.6 to 11.2 percent. This year, the tax to GDP ratio was projected at 12.2 percent. Meanwhile, the […]
Read MoreMANILA, Philippines — The economy can be expected to grow between six percent and 6.5 percent this year as fundamentals remains strong and the government’s catch-up plan for spending on infrastructure and programs is expected to deliver, First Metro Investment Corp. (FMIC) said. During its mid-year briefing on the economy and capital markets yesterday, the […]
Read More
Thailand
