The value of approved construction projects dropped by 32 percent in 2020 to $7.75 billion and imports of building materials, steel and cement also saw a decline. Construction projects last year were approved on a total surface of 17 million square meters, a year-on-year decrease of 27 percent, according to the Ministry of Economy and […]
Read MoreMANILA, Philippines — The restoration of consumer confidence is crucial to get the country back on its feet from the pandemic-induced recession, according to Metropolitan Bank & Trust Co. (Metrobank). Pauline Revillas, research analyst at Metrobank, said the restoration of consumer confidence to spend outside of discretionary spending is vital to ensure that the country’s […]
Read MoreThais spent almost half the day on the internet on average in 2020, partly driven by the pandemic, while Facebook, YouTube and Line remained the most popular social media platforms in Thailand, according to a survey by the Electronic Transactions Development Agency (ETDA). “Thai users increased their time spent online to 11 hours and 25 […]
Read MoreThe Finance Ministry is growing concerned about slow economic growth prospects and higher inflationary pressure in the long term as Thailand transitions to an “aged” society. A ministry source who requested anonymity said the country’s demographics are rapidly ageing, resulting from falling fertility rates and rising life expectancy. Having a larger proportion of the population […]
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Thailand
