The potential growth rate of the economy is 4-5%, says Finance Minister Arkhom Termpittayapaisith. Among the factors that will determine more robust sustainable growth is increasing productivity by reskilling and upskilling workers, Mr Arkhom said yesterday at a seminar called “The NEXT Thailand’s Future”, co-hosted by Krungthai Bank and iBusiness of Manager Group. The ministry projects […]
Read MoreForeign-invested enterprises look set to struggle this year, particularly in garments, textiles, and footwear, as exports continue to fall and more workers are laid off. In mid-February, Taiwanese shoemaker PouYuen, based in Ho Chi Minh City, was forced to lay off about 3,000 workers due to a shortage of orders. It is not the first […]
Read MoreSINGAPORE – Headline inflation appears to have hit its peak and central banks have slowed interest rate rises but there are still “some ways to go”, noted Singapore’s central bank chief on Thursday. Monetary Authority of Singapore managing director Ravi Menon said expectations by some that rate rises will end soon or even start to […]
Read MoreThailand is expecting to receive between 25 million and 30 million foreign visitors this year as its crucial travel sector rebounds, its Tourism and Sports Minister Phiphat Ratchakitprakarn said on Thursday. The number compares to the record of nearly 40 million in 2019 before the coronavirus pandemic emerged. The country had 4.2 million foreign visitors in […]
Read MoreUSD/IDR remains sidelined near 15,440, recently making rounds to the intraday low, even as Indonesia Retail Sales flashed disappointing data early Thursday. In doing so, the Indonesia Rupiah (IDR) pair retreats from a two-month high while snapping a three-day uptrend amid a broad US Dollar retreat. That said, Indonesia’s Retail Sales marked a 0.6% YoY […]
Read MoreThe inflation rate in Laos surged 41.3% in February, government figures show – a whopping jump from just a 2% rate the same time last year – despite drastic measures taken by authorities to tame the crisis. The government has ordered import restrictions and the closure of all private money exchangers in the country, allowing only […]
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Thailand
