MANILA — The Asian Development Bank raised its 2017 and 2018 growth forecasts for the region, reflecting rising exports as manufacturers of smartphones to cars to other consumer goods benefited from improving global demand. Developing Asia – made up of 45 countries in the Asia-Pacific region – is expected to grow 5.9% and 5.8% this […]
Read MoreThe government has extended the stay for patients from Cambodia, Laos, Myanmar and Vietnam (CLMV), as well as those from China, who come to Thailand for medical treatment from 30 to 90 days, in accordance with its ambitious plan to turn the country into a medical hub. The extended stay will also be applicable for up […]
Read MoreSINGAPORE: Southeast Asian markets trod with caution on Thursday after minutes from the U.S. Federal Reserve’s last meeting showed policymakers were split on the outlook for inflation and how it might affect the future pace of interestrate rises. The minutes of the Fed’s June policy meeting released on Wednesday also showed that several officials wanted […]
Read MoreChinese e-commerce giant Alibaba Group has pledged to build an e-commerce park on 300 rai in Thailand’s Eastern Economic Corridor (EEC) to serve Asean’s burgeoning e-commerce market, says Industry Minister Uttama Savanayana. The park will serve as the centre of Alibaba’s logistics operations in Asean, he said. Alibaba Group expects to sign the project’s first-phase contract […]
Read MoreThree Thai landmarks have made the list of top 15 travellers’ choice landmarks in Asia this year, as determined by TripAdvisor, the world’s most popular travel site. The three are the Temple of the Reclining Buddha (Wat Pho), the Grand Palace and Temple of the Emerald Buddha (Wat Phra Kaeo), coming in fourth, ninth and […]
Read MoreASIA has been warned many times against creating a “spaghetti bowl” of conflicting trade agreements, and with trade chiefs from three major powers pushing their own ideas at a series of weekend meetings in Hanoi, the prospects for general agreement on an Asia-wide accord remained highly uncertain. During the two-day gathering, Japan succeeded in putting […]
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