GDP contraction is projected to be less severe than previously estimated based on a recovery among Thailand’s Asian trading partners, without factoring in domestic political turbulence, says the Fiscal Policy Office (FPO). The FPO’s latest economic forecast upgrades GDP contraction this year to 7.7% from a 8.2% decline projected in July, said Pornchai Theeravet, deputy […]
Read MoreCommercial banks are competing fiercely with each other to disburse car loans. Both lending interest rates and car prices are at a record low. The lending interest rates offered by banks are very reasonable. ShinhanBank offers three options with interest rates of 7.5 percent for the first 12 months, 8 percent for the first 24 […]
Read MoreCommerce Minister Jurin Laksanawisit vows to continue supporting small and medium-sized enterprises (SMEs) to sell their products online, allowing them to participate in international exhibitions and trade shows to boost their export capabilities. Speaking after presiding over the Smart SME Expo 2020, Mr Jurin said the Commerce Ministry has plans to promote and empower the […]
Read MoreMANILA, Philippines — The United States is scaling up support for Philippine projects amid the COVID-19 pandemic with the US Trade and Development Agency (USTDA) opening up an office in Manila this year. In a virtual panel discussion as part of the two-day Indo-Pacific Business Forum organized by the US Embassy in Manila, USTDA regional […]
Read MoreThe sharia economy could become the “new wave” of Indonesia’s economy and strengthen the country’s economic resilience, Vice President Ma’ruf Amin has said. He cited a Boston Consulting Group (BCG) estimate that there were 64.5 million middle-class Muslims in Indonesia in 2020. This presents a huge opportunity for sharia finance, as they will need to […]
Read MoreFROM Nov 6, Singapore will fully reopen to visitors from mainland China and Australia, two of its biggest sources of arrivals last year. While the move is cheered by tourism and hospitality players, it may not immediately revive local tourism, with tour operators citing the need for reciprocity and more details on testing regimes. The […]
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Thailand
