The Fiscal Policy Office (FPO) has kept its forecast for economic growth this year at an average of 3.5%, underpinned by a recovery in both the tourism sector and domestic consumption, according to the office’s director-general Pornchai Thiraveja. The office reviews the GDP forecast every three months. The state agency has also revised upward its […]
Read MoreThe Covid-19 pandemic had a profound impact on businesses of all sizes, but micro, small and medium enterprises (MSMEs) that took advantage of e-commerce opportunities generally fared better than their peers that did not, a new study by Alibaba.com has found. The global e-commerce platform and its AliResearch Institute set out to look at how […]
Read MoreThe move aims to stabilize market prices of strategic commodities, contributing to containing inflation and supporting the monetary policy in the short- and medium-term. The Government has suggested the Minister of Finance (MoF) consider further tariff and tax cuts related to petroleum products, especially those that would result in increased operational costs for businesses and people. […]
Read MoreThe baht opened at 36.70 to the US dollar on Wednesday, unchanged from Tuesday’s closing rate. The Thai currency is expected to move between 36.60 and 36.80 during the day, predicted Krungthai Bank market strategist Poon Panichpibool. Poon said the baht was likely to fluctuate and weaken to test its resistance level of 36.80 if […]
Read MoreSiam Commercial Bank (SCB) projects exports of Thai electronic products will rise by a modest 4.1 per cent this year from the US$4.22 billion earned in 2021. SCB’s Economic Intelligence Centre (EIC) said export growth for electronic products this year has slowed from the 16.5 per cent increase seen in 2021. It explained that 2021 […]
Read MoreKUALA LUMPUR (July 26): Malaysia’s economy appears to be firmly on a recovery path, but ongoing inflation is inflicting hardship on certain segments, including low-income households, who have been disproportionately affected by rising price pressures, said Bank Negara Malaysia (BNM). “There is some unevenness in the economic recovery… The rise in food prices in particular, […]
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Thailand
