The government has given the Bank of Thailand a free hand in dealing with the baht’s rapid gain, says Deputy Prime Minister Somkid Jatusripitak. Taking care of the baht is the central bank’s duty, he said. “We’ve asked the central bank to monitor the baht’s movement, particularly in short-term fund inflows,” he said. “If the […]
Read MoreThe Hanoitimes – The development will be backed by increasing industrial activities, growing e-commerce, and stronger investment in logistics infrastructure. Vietnam logistics and warehousing market is likely to reach US$86.7 billion by 2022 thanks to expanding industrial activities, growing e-commerce industry, continuous investment in infrastructure and logistics facilities, and consistent economic growth. The logistics and […]
Read MoreBANGKOK: Three Thai business associations on Wednesday slashed their 2019 economic growth and export forecasts, and urged the central bank to cut interest rates to slow the strengthening of the baht, which this year has risen more than other Asian currencies. In a joint statement, the Federation of Thai Industries, the Thai Bankers’ Association and […]
Read MoreAbout 40,000 small and medium enterprises (SMEs) have enjoyed additional business in their retail outlets after they obtained applications for digital payment services. Through the application developed by Digital Maxima Indonesia (DMI), a subsidiary of PT Digital Mediatama Maxima (DMM), SMEs served their customers who wanted to pay their telephone and electricity bills as well […]
Read MoreThe weakened global economy has dampened consumer and business confidence, but there are pockets of strength in the Singapore economy, Trade and Industry Minister Chan Chun Sing told the House on Monday. There will also be immediate challenges to weather, he noted, citing the fallout from trade tensions. In addition, there is a need to […]
Read MoreThe Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) on Wednesday forecast that exports this year will contract 1 per cent from the previous year. The committee had earlier this year projected export growth of 3 to 5 per cent for 2019 It reduced its forecast for GDP growth this year to 2.9 per […]
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Thailand
