The economy in July was increasingly impacted by the country’s worst Covid-19 outbreak and tighter restrictions that extended into August, but fiscal policy and exports lent some support, the central bank said on Tuesday. The nation’s containment measures were imposed in July and August in Bangkok and other areas which account for about 80% of […]
Read MoreThe Southeast Asia region, led by Indonesia, added 70 million new online shoppers since the start of the pandemic, according to an annual report by Facebook Inc and Bain & Co. Surveying more than 16,000 people across Singapore, Malaysia, the Philippines, Indonesia, Thailand and Vietnam, the researchers found a rapid pace of digital adoption during […]
Read MoreDespite the sluggish economy that could lead to cautious spending in the second half, Thailand’s e-commerce industry is still expected to see double-digit growth this year, driven by the new normal shopping trend, says e-commerce platform Lazada. “In the past three months, we have seen cautious spending from customers of LazMall [a virtual mall feature […]
Read MoreThailand’s manufacturing production index (MPI) in July rose 5.12% from a year earlier, lifted by higher production of autos, electronics and rubber, the Industry Ministry said on Monday, missing analyst forecasts. The reading compared with a forecast for an increase of 11.0% in a Reuters poll and June’s revised 18.27% rise. Source: https://www.bangkokpost.com/business/2173491/july-manufacturing-output-rises-5-1-y-y-below-forecast
Read MoreVietnam’s trade outlook for the remainder of the year is projected to have intertwined challenges and opportunities, with the country’s efforts to contain the pandemic the most important factor. Vietnam posted a trade deficit of US$1.3 billion in August, marking the fourth consecutive month the country has had an unfavorable trade balance, according to the […]
Read MoreMANILA, Philippines — The Bangko Sentral ng Pilipinas (BSP) ordered the closure of the Rural Bank of Datu Paglas Inc. based in Maguindanao, bringing to five the number of problematic banks shuttered this year. BSP Deputy Governor Chuchi Fonacier said the Monetary Board issued Resolution 110.A last Aug. 26 prohibiting the Rural Bank of Datu […]
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Thailand
