A 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%. […]
Read MoreThe baht opened at 32.29 to the US dollar on Wednesday, weakening from Tuesday’s closing rate of 32.20. The Thai currency is likely to move between 32.25 and 32.40 during the day, Krungthai Bank market strategist Poon Panichpibool said. Poon said the baht was still under pressure from the dollar and the Covid-19 situation especially […]
Read MoreCambodia’s total exports were valued at $5.982 billion in the first five months of 2021, inching up a 1.6 percent increase compared with the same period last year, thanks to the growth of non-garment products. A report on economic trends from the Ministry of Economy and Finance (MEF) showed the export of garments was on […]
Read MoreThe Ministry of Trade and Industry (MoIT) has said it is cooperating with the Ministry of Finance to consider the provision of tax incentives to encourage the development and use of electric vehicles in Vietnam. As electric vehicles remain unpopular among Vietnamese consumers, the two ministries are studying possible amendments to the Law on Special […]
Read MoreWITH the pandemic granting greater work flexibility, only 15 per cent of South-east Asian respondents would prefer to work from the office full-time, according to a recent EY Work Reimagined Employee Survey. Most preferred to work anywhere (32 per cent), while working remotely full-time and having hybrid work arrangements followed closely behind at 29 per […]
Read MoreBENGALURU (REUTERS) – Malaysian budget airline AirAsia Group said its digital units have acquired two Thai technology businesses from Indonesian ride-hailing and payments firm Gojek for US$50 million ($67.4 million), according to a stock exchange filing on Wednesday (July 7). The acquisition involved 100 per cent of the equity interest in Velox Technology for US$40 million […]
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Thailand
