Thailand’s economy is expected to grow 3.6% this year, Bank of Thailand (BoT) governor Sethaput Suthiwartnarueput said on TV channel JKN-CNBC on Monday. “The economy is resilient and is able to withstand multiple shocks,” Sethaput said. The BoT last month raised interest rates a quarter a percentage point to 1.75%. The central bank has raised its […]
Read MoreSYDNEY – The US-led banking turmoil is driving money into Asian assets, with investors betting that China and the region’s emerging economies are in a better position to weather the fallout. A Citibank analysis of global financial conditions shows Asian financial markets have tightened less than in the United States and most Asian currencies have gained ground against the […]
Read MoreAs travel continues to recover post-pandemic, nights booked in Thailand on Airbnb more than doubled last year from 2020, according to data compiled by the accommodation-sharing platform operator. International travel is leading the way, with Bangkok emerging a top destination of choice for global travellers. The capital was the No.1 trending destination globally for Airbnb guests in […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) is expected to pause rate hikes next month as inflation eased to a six-month low in March, according to UK-based think tank Pantheon Macroeconomics. In a report, Pantheon Macroeconomics chief emerging Asia economist Miguel Chanco and senior Asia economist Moorthy Krshnan said the latest inflation data […]
Read MoreThe Cambodian government has continuously implemented reforms to overcome challenges to attract more foreign direct investment, a senior official at the Ministry of Economy and Finance said. Shortage of skilled labour, limited inputs for production, high cost of energy and logistics, and limited commercial facilitation procedures are among the issues the government needs to address, […]
Read MorePETALING JAYA: Analysts generally are mixed about the Malaysian real estate investment trusts (MREITs) as the sector remains under a bearish supply outlook with more space expected to worsen the oversupply conditions, while on the demand side, the weaker economy is set to impact disposable incomes. The bright spot is the rebound in inbound tourist […]
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Thailand
