The Economic Intelligence Center (EIC), a research unit under Siam Commercial Bank, has slashed its 2023 GDP growth projection for Thailand due to the global economic slowdown and the increased likelihood of a recession in developed economies. The research house has downgraded the country’s GDP growth rate for next year to 3.4%, from the previous forecast […]
Read MoreThe tourism sector might be challenged by a slow market in the second quarter next year as there will be no more pent-up demand which fuelled the market this year, according to the Tourism Authority of Thailand (TAT). The TAT is preparing to hold a special event called “Amazing Thailand 10 Million Celebrations” on Dec 10 […]
Read MoreAfter Vietcombank, HDBank has recently announced to lower lending interest rates for enterprises doing business in many industries with a total interest rate reduction of up to VND120 billion. Although deposit interest rates in the market remain hot, a few banks have suddenly cut lending rates to support enterprises that need capital for production and […]
Read MoreThe Council for the Development of Cambodia (CDC) approved 52 fixed asset investment projects worth over $460 million in the third quarter of 2022, up 10.6 percent as compared to the same period last year. The approved investment projects generated 40,274 jobs for local people, according to a recent report from the Ministry of Economy […]
Read MoreMajor ASEAN economies, which seem to be growing out of the Covid-19 pandemic impact, are likely to face tough growth prospects the next year due to hardening interest rates across the globe, particularly the rate hikes by the US Federal Reserve, and cooling Chinese economy mostly due to tough anti-Corona stance. The overall gross domestic […]
Read MoreMANILA, Philippines — An engineers’ group on Tuesday called on companies to give higher compensation to engineers and scientists, especially for entry-level workers, to help them keep up with the rising cost of living in the country and to retain top talent. Pro-People Engineers and Leaders (PROPEL), an organization composed of engineers and those promoting the […]
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Thailand
