Foreign direct investment (FDI) fell 50 percent Jan-May from the same period in 2020, according to the Ministry of Economy and Finance. Investment projects for the first five months of 2021 were valued at $825 million, a 59 percent drop from results for the same period in 2020. The projects are expected to create 30,000 […]
Read MoreReported suspicious current and savings accounts or CASA transactions in the country have surged in the last three years. This is according to the latest assessment of the Philippines‘ exposure to external and internal threaths based on suspicious transaction reports (STR) for 2018-2020 by the Anti-Money Laundering Council (AMLC). In the assessment released on Wednesday, AMLC said the […]
Read MoreAfter a period of rapid development, some construction material products are facing the risk of oversupply. Offering discount to reduce inventory Cement, tiles, and construction glass are three products that the Ministry of Construction listed on the red alert category because of oversupply. Up to now, the total number of cement production lines has reached […]
Read MoreThe baht opened at 32.36 to the US dollar on Thursday, weakening from Wednesday’s closing rate of 32.28. The Thai currency is likely to move between 32.30 and 32.40 during the day, Krungthai Bank market strategist Poon Panichpibool said. Poon reiterated that the baht was being pressured by the Covid-19 situation in Thailand and the […]
Read MoreA private sector council has cut Thailand’s economic growth projection this year to 0-1.5%, mainly due to the prolonged Covid-19 outbreak. The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) decided to slash the country’s gross domestic product (GDP) forecast for this year to 0-1.5% in Wednesday’s meeting from an earlier estimate of 0.5-2%. […]
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