The power generation arm of Ch Karnchang Plc, Thailand’s second-largest construction company, CK Power Plc (CKP), witnessed a profit growth of 11.8% to a record high of THB 2.4 billion in 2022. Despite an increase in energy prices globally, the company saw an unprecedented rise in profits thanks to electricity sales from hydropower plants and […]
Read MoreCambodia exported $232.824 million worth of electrical machinery and equipment and related products last month, ballooning by 114.6 per cent from the $108.495 million recorded in January 2022, albeit sliding by 21.99 per cent from $298.465 million in December, according to data from the General Department of Customs and Excise of Cambodia (GDCE). The aforementioned […]
Read MoreMANILA, Philippines — Banks have started imposing higher interest rates on credit card transactions after the Bangko Sentral ng Pilipinas (BSP) increased the ceiling amid a series of aggressive rate hikes to tame inflation and stabilize the peso. However, BDO Unibank Inc. has decided to move the effectivity of the higher three percent monthly interest […]
Read MoreThe upcoming general election is likely to stimulate consumption, with around 60-70 billion baht to be circulated within the country’s economy, enhancing the Thai stock market both one week before and one month after the polls, say analysts. The Stock Exchange of Thailand (SET) is expected to rebound around the time of the election, which according […]
Read MoreMANILA, Philippines — A think tank argued that the 2023 budget will hamper the domestic economy’s chances of straddling global recession hurdles, especially since higher borrowing costs could stifle consumption around the country. UK-based Oxford Economics made the case in a commentary on Wednesday. “Lack of policy support is a key reason for our below-consensus […]
Read MoreThe Thai economy is set to bounce back from a surprising contraction in the fourth quarter of 2022 as foreign tourist arrivals are likely to surprise on the upside and counter headwinds to merchandise exports from a global slowdown, say leading economists. Southeast Asia’s second-largest economy will expand by 4% this year even after the “sharp […]
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Thailand
