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Thai economic recovery trails others in Asia – ADB

Developing Asia’s economy will rebound faster this year than previously estimated, as nations tread diverging recovery paths, according to the Asian Development Bank. Southeast Asia’s forecast was lowered to 4.4% growth this year amid reduced projections for Malaysia, the Philippines and Thailand. The region’s gross domestic product will expand 7.3% this year, better than the […]

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Thailand: Rising metal prices to affect key industries

Rising commodity prices due to a rise in domestic consumption is expected to negatively impact the construction, electrical appliance and electronic component industries, analysts say. However, the effect on share prices may not be felt at this time as investors are speculating on first-quarter results. The hike of commodities prices has also put pressure on […]

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Japan parliament approves RCEP trade deal

TOKYO: Japan’s parliament approved on Wednesday the world’s largest free trade deal, signed by 15 Asia-Pacific countries including China and the 10-member Association of Southeast Asian Nations, raising the possibility for the pact to enter into force later this year. The Regional Comprehensive Economic Partnership (RCEP) will create a free trade zone covering about 30% […]

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Thailand: Local firms urged to push B2B e-commerce

Local businesses should embark on business-to-business (B2B) e-commerce to ride the wave of the flourishing segment, expected to surge to US$20.9 trillion in sales globally by 2027, says DHL Express, a major international express service provider. “Local businesses urgently need to gear up for B2B e-commerce adoption within 1-2 years to keep up with the […]

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