The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has reduced its GDP growth forecast to 0.5-2% due to the severe impact of the third Covid-19 outbreak despite bright export prospects this year. Even the state’s plan to reopen Thailand by allowing vaccinated foreign tourists to visit Phuket without quarantine later this year may […]
Read MoreA global chip shortage is creating more pressure for manufacturers in Vietnam as they deal with slowed-down production for electronics and tech products, while local and overseas players are racing to prepare new premises for the production of much-needed supply. Last week, Vingroup officially announced the shutdown of VinSmart, its smartphone and TV production arm, to […]
Read MoreUS credit rating agency Moody’s Investors Service said Wednesday it was maintaining its B-2 rating and stable outlook for the Government of Cambodia. “The stable outlook balances vulnerability to shocks stemming from what we view as a temporary disruption in growth, high dollarisation and potential financial vulnerabilities; against strong growth potential, robust government revenue generation […]
Read MoreMANILA, Philippines — Infrastructure spending of the Duterte administration grew in March, although the turnout was slower compared to the preceding month as pandemic restrictions continued to block building activities. The national government spent P107 billion in capital outlays in March, up 37.4% year-on-year, the budget department reported Thursday, a result which was slower than […]
Read MoreWHILE many corporations have taken positive strides to meet sustainability targets, the circular economy does not yet exist. At best, what we have is a “reuse economy” that incorporates recycling but still absorbs additional raw materials. In a world of finite resources coupled with a growing climate crisis that will impact all stages of the […]
Read MoreThe Thai financial system has become more vulnerable due to negative shocks from the recent Covid-19 outbreak, says the Bank of Thailand (BoT). The financial situation of Thai households has become more fragile as reflected in the elevated debt-to-income ratio which is higher compared to other countries. The majority of household debt comprises of personal […]
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Thailand
