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Thailand unscathed by Western banking turmoil

Most economists from the public and private sectors expect the ongoing US and European banking crisis to have a limited effect on the Thai banking sector thanks to the solid fundamentals of local banks and the strong supervision of the Bank of Thailand. Finance Minister Arkhom Termpittayapaisith last Wednesday insisted Thai financial institutions will not be […]

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A general view shows the Petronas Twin Towers (C) and other commercial buildings as seen from KL Tower in Kuala Lumpur on September 8, 2022. (Photo by Mohd RASFAN / AFP)
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Myanmar: Can private consumption hold the fort in 2023?

PRIVATE consumption, which contributed 58.2% to gross domestic product (GDP) in 2022, is expected to moderate this year but will remain resilient despite cost of living pressures and external challenges. Personal spending will be aided by, among other factors, the recovery in the labour market, gradual return of Chinese tourists and government support measures. In […]

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