The government has plans to intensify reforms to boost growth and further attract foreign investments as it sees the economy taking off this year, said Union Minister U Kyaw Win of the Ministry of Planning and Finance. The new government – which took over in the late 2015 – has finished the transitional phase and […]
Read MoreWorld Economic Forum on ASEAN 2017 Key lessons from the World Economic Forum on ASEAN include tapping in the private sector when making infrastructure policies and decentralisation. The regional governments and private sector should be able to carry out small-scale infrastructure projects related to regional trade. The Myanmar Times asked Khin Maung Win about the […]
Read MoreThailand’s domestic car sales are expected to grow at a healthy rate of 10% this year to 845,000 units, driven by improving sentiment for consumption and a growing economy, says Inter-Media Consultant Co, the organiser of Thailand International Motor Expo. President Kwanchai Paphatphong said the local car market showed significant growth in the first four […]
Read MoreAgriculture, electronics, and food and drink have been hit hardest by the baht’s 6% year-to-date appreciation, according to Asia Plus Securities (ASP). Porranee Thongyen, ASP’s head of research, said the stronger than expected baht hurt exporters like Sri Trang Agro Industry Plc, which earns most of its income in US dollars and mostly baht-denominated expenses. […]
Read MoreThailand’s consumer confidence in May declined for the first time in six months, due to a bomb blast at a Bangkok hospital, low commodity prices and slow economic recovery, a private survey showed on Thursday. The index of the University of the Thai Chamber of Commerce slipped to 76.0 last month from 77.0 in April. […]
Read MoreIf recent history is anything to go by, argue some, letting Thais invest more money abroad is unlikely to spur major outflows, and that will mean continued firmness for the baht currency – and continuing frustration for Thai exporters. Authorities in Thailand, which has large current-account surpluses, are trying to get citizens to invest elsewhere, […]
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