After a period of rapid development, some construction material products are facing the risk of oversupply. Offering discount to reduce inventory Cement, tiles, and construction glass are three products that the Ministry of Construction listed on the red alert category because of oversupply. Up to now, the total number of cement production lines has reached […]
Read MoreThe baht opened at 32.36 to the US dollar on Thursday, weakening from Wednesday’s closing rate of 32.28. The Thai currency is likely to move between 32.30 and 32.40 during the day, Krungthai Bank market strategist Poon Panichpibool said. Poon reiterated that the baht was being pressured by the Covid-19 situation in Thailand and the […]
Read MoreA private sector council has cut Thailand’s economic growth projection this year to 0-1.5%, mainly due to the prolonged Covid-19 outbreak. The Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) decided to slash the country’s gross domestic product (GDP) forecast for this year to 0-1.5% in Wednesday’s meeting from an earlier estimate of 0.5-2%. […]
Read MoreThe baht opened at 32.29 to the US dollar on Wednesday, weakening from Tuesday’s closing rate of 32.20. The Thai currency is likely to move between 32.25 and 32.40 during the day, Krungthai Bank market strategist Poon Panichpibool said. Poon said the baht was still under pressure from the dollar and the Covid-19 situation especially […]
Read MoreCambodia’s total exports were valued at $5.982 billion in the first five months of 2021, inching up a 1.6 percent increase compared with the same period last year, thanks to the growth of non-garment products. A report on economic trends from the Ministry of Economy and Finance (MEF) showed the export of garments was on […]
Read MoreThe Ministry of Trade and Industry (MoIT) has said it is cooperating with the Ministry of Finance to consider the provision of tax incentives to encourage the development and use of electric vehicles in Vietnam. As electric vehicles remain unpopular among Vietnamese consumers, the two ministries are studying possible amendments to the Law on Special […]
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Thailand
