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Thailand: Factory output down 2.44% y/y

The manufacturing production index in December dropped a more than expected 2.44% from a year earlier, according to figures released by the Industry Ministry on Wednesday. It was dragged down by lower production of petroleum, sugar and rubber, the ministry said. The reading compared with a forecast fall of 1.2% in a Reuters poll. Source: https://www.bangkokpost.com/business/2058039/factory-output-down-2-44-y-y

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Thailand: BoT signs pact on mediating legal financial disputes

The Bank of Thailand and the Office of the Court of Justice have signed a memorandum of understanding (MoU) on mediating legal financial disputes for financially-distressed borrowers and small and medium-sized enterprises (SMEs). The MoU provides a standard of practice for settling disputes such as defaulting on interest payment, stipulating a suitable loan repayment period […]

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Laos: Provinces suffer tourist slump as pandemic deepens

The number of domestic and foreign tourists visiting the provinces declined drastically last year compared to the same period of 2019 due to the effects of the Covid-19 pandemic. Champassak province received just over 117,000 visitors, down about 90 percent compared to 2019, an official from the province’s Information, Culture and Tourism Department, Mr Soulichan […]

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