Thailand’s export growth is forecast to slow to just 0.2-4.8% next year, tallying US$262-275 billion. Negative factors weighing on the sector include Omicron variant outbreaks, rising inflation among trading partners, and more stringent measures to contain Covid-19 infections in China. Other challenges include container shortages and high freight rates, increasing world crude oil prices and […]
Read MoreINVESTMENT banking activities in Singapore have risen US$1 billion in fees so far this year, a 34.4 per cent increase from 2020 as mergers and acquisitions (M&A) activity hit a record high. According to preliminary data from Refinitiv released on Wednesday (Dec 22), the growth in investment banking fees was largely buoyed by a 91.1 […]
Read MoreThe reopening of international air routes, slated for January 1, will give more opportunities for passengers to fly to Vietnam. The Government has agreed to resume routine international flights carrying passengers to destinations with a high safety level, including Beijing, Guangxi (China), Tokyo (Japan), Seoul (South Korea), Taipei (Taiwan, China), Bangkok (Thailand), Singapore, Vientiane (Laos), […]
Read MoreIndonesia’s central bank has launched a retail payments system designed to cut the cost of money transfers. The BI-Fast system will enable real-time money transfers of up to 250 million rupiah, at a maximum transaction cost of 2500 rupiah – 4000 rupiah cheaper than using the old system. The pandemic has led to a digital […]
Read MoreMANILA, Philippines — The country’s balance of payments (BOP) position reverted to a deficit in November as the national government paid more foreign obligations, according to the Bangko Sentral ng Pilipinas. BSP data showed the Philippines incurred a BOP deficit of $123 million in November, a reversal of the $1.47 billion surplus recorded in the […]
Read MoreThe country’s use of cash is expected to decline by 4% in 10 years and 15% in 20 years as more Thais shift to e-payment, according to a Bank of Thailand paper. The central bank predicts cash usage will continue to decline over the long term, replaced by e-payment. In 2030, cash usage is expected […]
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Thailand
