Thailand and Asean should be particularly resilient during the next recession because of integration and strong fiscal policy, says Yuwa Hedrick-Wong, global economist at Mastercard. “Thailand is extremely well-positioned for integration across Asean. The country is clearly poised to become a regional hub in terms of services,” he said. Despite potential economic turmoil caused by […]
Read MoreThe National Broadcasting and Telecommunications Commission (NBTC), in collaboration with the Bank of Thailand, 20 financial institutions and six mobile operators, are driving for data connectivity to tighten security of PromptPay, the national e-payment system. The collaboration also aims to make money transfers more convenient by reducing the time banks need to verify users’ identities via […]
Read MoreTens of thousands of Lao nationals entered the international labour market in 2017, raising hopes that Laos can turn this business into a new foreign exchange earner. According to data from the Lao National Statistics Bureau, Laos supplied about 49,000 labourers to the international market in 2017 through a bilateral labour cooperation mechanism. The bureau […]
Read MoreHLH Development Pte Ltd, a subsidiary of publicly listed Hong Lai Huat Group Limited, yesterday entered into a joint venture agreement with local conglomerate Royal Group of Companies to launch a mixed development project in Phnom Penh. The project, which will feature a park and a retail mall, is located in the heart of Tuol […]
Read MoreDespite fierce domestic and international headwinds that have threatened to blow Myanmar’s fast-growing economy off course, executives who participated in Oxford Business Group’s latest Business Barometer: Myanmar CEO Survey remain broadly confident about the investment climate in Southeast Asia’s last great frontier market. Of the 100 respondents, 77pc indicate their firm intends to make a […]
Read MoreOctober inflation was 1.23% year-on-year on food and oil prices and inflation in the first 10 months of 2018 was 1.15% on food, beverage and energy prices, according to the Commerce Ministry. The inflation trend continued for the 16th consecutive month last month, Pimchanok Vonkorporn, director of the ministry’s Trade Policy and Strategy Office, said on […]
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