KUALA LUMPUR: Malaysia has been ranked as the world’s third most competitive Global Business Services (GBS) location, behind India and China, according to an index by global consulting firm Kearney. The firm’s 2021 Global Services Location Index showed that Asian economies continued to take seven spots in the top 10, with India in first place […]
Read MoreThe UK’s new Developing Countries Trading Scheme is a strategic move for the post-Brexit era that will replace the Generalised Scheme of Preferences (GSP) for developing countries with a new trading instrument early next year. The new Developing Countries Trading Scheme (DCTS) offers additional tariff concessions to products imported from developing countries. Laos is among […]
Read MoreMANILA, Philippines — The Philippines is more insulated from the looming recession in the US as domestic demand accounts for a larger portion of the economy, according to Maybank Kim Eng Research. In a research note titled “Decoupling from US Recession,” Maybank said the Philippines and other countries in Southeast Asia are emerging as a […]
Read MoreHeightened geopolitical tensions are tipped by some analysts and economists to trigger a spillover effect, with one possibility the relocation of industries to this region, including Thailand. Payong Srivanich, chairman of the Thai Bankers’ Association, a key member of the Joint Standing Committee on Commerce, Industry and Banking, recently predicted tensions between China and the US […]
Read MorePETALING JAYA: With inflation affecting some people differently from others, should there be a relook of the consumer price index (CPI) – the widely used gauge to measure inflation? Most economists think so and concurred that the CPI is not a true reflection of price changes in a rapidly evolving economy. The CPI measures the […]
Read MoreThe baht opened at 36.29 to the US dollar on Monday, weakening from Friday’s close of 36.03. The Thai currency will likely move between 36.20 and 36.40 against the greenback during the day and between 35.80 and 36.40 during the week, Krungthai market strategist Poon Panichpibool predicted. Poon said the baht will possibly weaken as […]
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