Thais 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 […]
Read MoreThe latest wave of Covid-19 reported in Thailand since late March would affect people’s travel plans during Songkran Festival and cost the tourism industry around Bt10 billion in revenue in the second quarter of 2021, Kasikorn Research Centre (K-Research) said on Tuesday. “During the third wave, there are a higher number of cluster cases found […]
Read MoreMANILA, Philippines — The prospects of a strong economic rebound for the Philippines this year continue to fade as mobility restrictions and slow COVID-19 vaccine rollout are blocking the road toward recovery, a global think tank said. In its latest Global Outlook, London-based Oxford Economics slashed its gross domestic product (GDP) forecast for the country […]
Read MoreCambodian banks have reaped great success via strong economic growth and high gross interest assets, but that has also resulted in complacency, which makes it imperative for commercial banks to adjust in the face of increased competition from incoming fintech companies. This according to Michael Lor Chee Leng, Senior Advisor to the EMFA, a not-for-proft […]
Read MoreThe Ministry of Industry and Trade (MOIT) has proposed removing a tentative regulation in a draft decree that says foreign investors can hold up to 35 percent of shares of petroleum trading companies. MOIT has submitted a statement to the Government about amending some articles of the decree 83/2014 on petroleum trading management. The document was […]
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Thailand
