The novel coronavirus could lower Thailand’s nominal GDP by 0.09-0.13% if the outbreak lasts longer than three months but less than six months, says Kasikorn Research Center (K-Research). “For Thailand, the impact is moderate,” the research house under Kasikornbank said in a note. Economic damage could amount to US$500-700 million, it said. Thailand’s economy relies […]
Read MoreIndustry workers have voiced serious concerns over the current rubber plantation sector in the Kingdom, with major companies in the market struggling to survive after 10 years of stubbornly low prices. Lim Heng, vice-president of An Mady Group, a company that exports rubber products, explained: “This is not just an issue in Cambodia. Low prices […]
Read MoreMANILA, Philippines — Term deposits rates fell sharply yesterday, dropping below four percent across the board as the Bangko Sentral ng Pilipinas (BSP) is expected to further slash key interest rates. The seven-day term deposits fetched 3.8943 percent at the term deposit auction facility (TDF), 12.97 basis points lower than last week’s 4.0240 percent. Likewise, […]
Read MoreThe practice by local banks of only allowing foreign exchange transfers after showing bills of lading is an obstacle for businesses in making trade transactions, say some business owners. After the amendment of regulations governing the management of foreign exchange transactions in the country, the Central Bank of Myanmar began allowing foreign exchange (forex) transfers […]
Read MoreThe Hanoitimes – New approaches will enable Vietnam to raise its solar capacity multiple times in the next decade. The World Bank’s new approaches to bidding and deployment for solar projects could boost Vietnam’s solar generation capacity from the current 4.5 gigawatts to the tens of gigawatts range in ten years. The World Bank’s Vietnam Solar […]
Read MoreThe Commerce Ministry has put the brakes on face mask exports to ensure sufficient domestic supply, just three working days after exporters asked to ship as many as 18 million pieces. Whichai Phochanakij, director-general of the Internal Trade Department, said the department has yet to grant permission to any exporters because the priority is to […]
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Thailand
