Thailand’s economy in 2020 will face its longest period of contraction since the Asian financial crisis of 1997-98. The economy shrank by 1.8% year-on-year in the first quarter, from growth of 1.5% a year earlier, as weak exports, public consumption and investment dragged on headline growth. Consecutive quarter-on-quarter GDP declines — 2.2% in the first […]
Read MoreThe Hanoitimes – Emerging economies are chasing companies to get more FDI, but companies are chasing Vietnam to move there, said HSBC. External risks such as the US – China trade war and, most recently, the Covid-19 pandemic, in fact made Vietnam an even more attractive proposition relative to many other markets, according to HSBC. In […]
Read MoreThe economy could take at least two years to return to pre-coronavirus growth levels and this year’s nadir could be delayed in the event that a second-wave outbreak occurs, says Standard Chartered Bank Thai. GDP is expected to shrink by 13% year-on-year in the April-to-June quarter, widening drastically from a 1.8% contraction in the first […]
Read MoreBNI Syariah, the sharia subsidiary of state-owned Bank Negara Indonesia (BNI), reported a jump in its net profit during this year’s first quarter as it eyed opportunities to expand international banking services by banking on its parent company’s overseas branches. BNI Syariah net profit soared 58.1 percent year-on-year (yoy) to Rp 214 billion (US$14.46 million) […]
Read MoreThe National Bank of Cambodia’s (NBC) announcement yesterday that it plans to phase out the use of the $1, $2 and $5 banknotes by August 31, has confused the local community with many believing the notes are being “banned”. Khmer Times was told by market traders in Phnom Penh’s Kandal Market today that they did […]
Read MoreThailand may lose up to 14.4 million jobs in the second and third quarters, largely because of the coronavirus outbreak and widespread drought, says the government’s planning unit. Of the total, some 8.4 million workers are estimated to be at risk of job loss, 2.5 million of whom are in the tourism sector (excluding retail […]
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Thailand
