Several export businesses are facing a severe crunch of orders, especially in textiles, garments, footwear, and furniture. This situation is expected to last throughout the first quarter of 2023, which is creating an extremely worrisome state of affairs for all enterprises who are struggling to cope with day to day difficulties. Lack of export orders […]
Read MoreThe rally in the baht may be nearing an end without new catalysts, such as a return of Chinese tourists, as technical indicators show the currency is overbought. The baht has advanced 6% against the dollar in the past month — and was the second-best performing currency in Asia — as China loosened Covid curbs and […]
Read MoreGoogle Wallet is a digital wallet that allows one to securely store credit and debit cards, tickets, passes, keys, and IDs. It was launched in 12 countries including Thailand and Vietnam on Wednesday. At the moment 57 countries have access to this application and the new additions include Armenia, Cyprus, Georgia, Kyrgyzstan, Liechtenstein, Luxembourg, Malaysia, […]
Read MoreThai banks’ non-performing loans stood at 2.77% of total lending at the end of September, down from 2.88% at the end of June, helped by debt restructuring and banks’ loan management, the central bank said on Monday. The banking system remained resilient with high levels of capital, loan-loss provisions, and liquidity, the Bank of Thailand said […]
Read MoreINDONESIA’S annual economic growth may slow to 4.37 per cent next year partly due to the impact of domestic monetary tightening, the country’s central bank (BI) governor told a parliamentary hearing on Monday (Nov 21). In last week’s policy meeting, BI maintained 2022 GDP growth forecast biased towards the upper end of 4.5 per cent […]
Read MoreThe Cambodian-Vietnamese commodity trade topped $5 billion in the first 10 months of 2022, surging by over one-fifth on-year, with a sobering $1.7 billion deficit in favour of Vietnam, according to Customs, an import-export gap expected to narrow in the coming months as local harvest seasons progress. In the January-October period, the two-way commodity trade […]
Read More
Thailand
