The Federation of Thai Industries (FTI) recently expressed concerns that global oil prices may continue to surge, reaching US$100 a barrel this year. High fuel prices could negatively affect many sectors across the pandemic-battered economy. Why are Thai fuel prices on the rise? The first factor causing soaring fuel prices in Thailand stems from the […]
Read MorePETALING JAYA: Malaysia’s industrial production index (IPI) is expected to grow at a moderate pace of 4.3% in 2022, following the strong performance last year that was primarily driven by the country’s higher manufacturing output. With global demand for manufactured goods and electrical and electronic parts and components expected to continue growing, MIDF Research is […]
Read MoreThe Bank of Thailand (BoT) left its key interest rate unchanged at a record low on Wednesday, seeking to maintain support for a fragile recovery in the economy amid efforts to revive the country’s battered tourism sector and rising risks from inflation that has breached its target range. The BoT’s Monetary Policy Committee unanimously voted […]
Read MoreA group of Thai shippers expects the country’s exports to see year-on-year growth of 5% in the first quarter, helped by the global economic recovery. Chaichan Chareonsuk, chairman of the Thai National Shippers’ Council, said exports in January are likely to remain robust, with values expected to stay around US$22 billion. “We’re confident the first […]
Read MoreBENGALURU: Malaysia’s economy likely bounced back to growth in the final quarter of 2021, propelled by strong exports and private investments, but the fast-spreading Omicron coronavirus variant poses a threat to the outlook, a Reuters poll found. Growth in Southeast Asia’s third-largest economy rebounded last quarter to 3.3 per cent year-on-year after shrinking 4.5 per […]
Read MoreUOB on Tuesday (Feb 8) said it believes economic recovery in Indonesia will persist in 2022 on expected growth in investment demand and the continued strength of exports. The research house keeps its forecast for the country’s 2022 baseline economic growth at 5 per cent, within a range of 4.7-5.3 per cent to reflect ongoing […]
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Thailand
