Fiscal policy should play a larger role than monetary policy in lifting the country, given that the 2019 mid-year fiscal budget amounting to 90 billion baht is sufficient despite the delay in the new government’s formation, says a senior official at Bank of Ayudhya (BAY). Tak Bunnag, head of the global markets group, said fiscal […]
Read MoreMANILA, Philippines — Philippine businesses have the most positive economic outlook among 35 countries even as optimism dipped slightly from a year ago, a survey of independent assurance, tax and advisory firm Grant Thornton showed. Grant Thornton’s International Business Report showed the Philippines topped the list with a net 73 percent having an optimistic outlook […]
Read MoreA new government is about to take office in Thailand but we have yet to see any news of concrete policies related to the economy and the property market. Meanwhile, the number of unsold condominium units continues to climb, amid negative forecasts from state agencies and some private analysts. This is affecting the confidence of […]
Read More“I prefer to buy from local brands only. BigC has been selling local products mostly, now if they stop selling, I will go to buy in other places…” – Ms. Nguyen Cam Tu (Tan Phu district, HCM) said to Dan Viet’s reporter. On 3rd July, she got the information from TV and social media. She […]
Read MoreCentral Group, which owns retailer Big C Vietnam, has temporarily stopped sourcing garments from local suppliers to facilitate restructuring. “To restructure the group’s garment sector in the Vietnam market, we have decided to suspend the procurement of garments starting from July 2019,” the Thai group informed its suppliers on Tuesday. This will last until further […]
Read More[BANGKOK] Thailand’s central bank is fretting over the world-beating surge in the nation’s currency. Related departments at the Bank of Thailand are looking at possible measures as the monetary authority is “worried” about the baht’s comparative strength, its senior director Don Nakornthab told reporters in Bangkok on Wednesday. He also said that there’s room for […]
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