The strong baht is expected to whittle down the revenue of Thai rice exports in baht terms by 30-40 billion baht, lowering shipments to 8-8.1 million tonnes this year. Chookiat Ophaswongse, honorary president of the Thai Rice Exporters Association, said rice export prospects remain dim, with the baht making local grains more expensive than those […]
Read MoreMANILA, Philippines — The race to become a “smart city” is on and in Asia, Manila is the worst performer. Out of 102 cities worldwide, the Philippine capital ranked 94th in the 2019 Smart City Index published Thursday by Switzerland-based IMD Business School and Singapore University of Technology and Design. In Asia, Manila lagged behind […]
Read MoreThe Hanoitimes – Listed among leading Asian consumers of alcoholic drinks, Vietnam remains potential for foreign investors. Foreign beverage companies are looking to make inroads into Vietnam which is standing out as one of the most promising markets thanks to its sustained growth. Consumption of beverages, including alcoholic and non-alcoholic drinks, in Vietnam is on the […]
Read MoreEven though property developers are crying foul over the central bank’s tougher loan-to-value (LTV) requirement, some commercial lenders, particularly large ones, still delivered strong mortgage lending growth for the first nine months. Kasikornbank (KBank) saw its housing loans outstanding at the end of September surge nearly 11% from the end of last year, well above […]
Read MoreMyanmar is expected to call the next bidding round in January 2020 after passing the draft oil and gas law, said a retired senior official. Having planned to start the process in the first half of 2019, the government has delayed the international bidding round in order to get the new bill in place. “We […]
Read MoreMANILA, Philippines — An accommodative monetary policy is desirable in the Philippines due to the continued downtrend in inflation as well as slower economic growth, according to the International Monetary Fund (IMF). “Monetary policy should generally be accommodative and calibrated to local circumstances, although the policy mix should also rely on other policies. Where inflation […]
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Thailand
