A central bank economist forecasts a crossroads for the country’s household debt over the next four years, either rising to 92.8% of GDP or declining to 79.1%. If Thai household debt grows at 1.2 times GDP, average growth over the past five years, the country’s household debt will increase to 18.1 trillion baht or 92.8% of […]
Read MoreThe growing tendency of consumers shopping online globally has led to a sharp demand for cold storage warehouses, but investment in cold storage facilities remains modest. Cold storage warehouses adjust temperature and humidity to prolong the life of some kinds of products, including perishables such as food, cosmetics and vaccines. There are three cold storage […]
Read MoreE-COMMERCE platform Lazada on Wednesday launched its revamped solution packages under the E-Commerce Booster Package programme, which was reintroduced by Enterprise Singapore on May 16. The E-Commerce Booster Package provides subsidies of 80 per cent or up to S$8,000 to help retail businesses defray the costs of setting up online sales channels. Solution packages offered […]
Read MoreThe insurance sector in Cambodia proved resilient in 2020 despite the pandemic, with total gross premiums nationwide increasing by 7.8 percent to $264.9 million. However, there remains ample room for growth, as Forte Insurance Group Chief Executive Officer Youk Chamroeunrith told Khmer Times that insurance penetration in the country is still at less than 1 percent. According […]
Read MoreKUALA LUMPUR: Malaysia’s unemployment rate slipped to 4.6% in April, the lowest since October last year, on easing curbs for the economy but the impact of the MCO 3.0 and the two-week lockdown from June 1 to 14 may weigh on the recovery. In a statement on Wednesday, the Statistics Department said April’s unemployment rate […]
Read MoreMANILA, Philippines — The World Bank continued to be less bullish on economic recovery for the Philippines as it further downgraded the country’s growth forecast this year due to the resurgence of COVID-19 cases and reimposition of strict lockdowns. The Washington-based lender said even as the Philippines is poised for a rebound this year, the […]
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Thailand
