International steel manufacturing companies in the Thilawa Special Economic Zone near Yangon have been looking for opportunities to ramp up their capacity to produce in anticipation of greater demand. “Compared with neighbouring countries, steel production in Myanmar is just 50,000 tonnes. But there is a lot of potential as the country needs a lot of […]
Read MoreBankers in Southeast Asia have been urged to focus on digital innovation to improve their operations. The bankers were encouraged to adopt the latest technology in the industry at the Asean Banking Conference, held yesterday in Phnom Penh. The three-day event, which focused on the digital transformation of banking and financial services in Asean, was […]
Read MoreThai millennials’ spending on ‘must-have items’ amounts to 1.37 trillion baht a year, representing 13% of the country’s GDP, and half of them owe debts, while one-fifth of debtors have defaulted, according to TMB Analytics. Gen Y, those born in 1981-96, total 14.4 million people in Thailand and 7.2 million of them are indebted, said […]
Read MoreEconomists foresee further cuts in Thailand’s policy interest rate next year — but not next month — after the central bank governor said policy makers are prepared to act if economic growth worsens, though will avoid taking interest rates below zero. “In the short term, we are ready to use monetary policy if needed,” Governor […]
Read MoreThai people have reduced their spending to survive the country’s economic difficulties, a belt-tightening exacerbated by political and social fears, according to the result of a survey by Suan Dusit Rajabhat University, or Suan Dusit Poll. The poll was conducted on 1,174 people throughout the country from Nov 19-23. Asked how they have saved money, […]
Read MoreSINGAPORE’S headline and core inflation both eased in October, contrary to economist expectations that they would hold steady. Headline inflation was 0.4 per cent in October, down from 0.5 per cent the month before, according to Department of Statistics figures on Monday. Core inflation, which excludes accommodation and private road transport costs, was 0.6 per […]
Read More
Thailand
