The stronger baht is the result of foreign investors’ confidence in Thailand, says Finance Minister Arkhom Termpittayapaisith. He said the appreciation of the baht is in line with the inflow of capital to the equity and bond markets, coupled with the country’s healthy fiscal stability. Thailand also recorded a high level of foreign tourist arrivals, […]
Read MoreAlthough the last months of the year had seen a substantial drop in export orders, the textile and garment industry, as well as the seafood industry, still ended the year with positive results. The textile and garment industry saw a turnover of US$44 bln, while the seafood industry exceeded its target and brought in US$11 […]
Read MoreWith e-commerce in Cambodia likely to register a 13.51 percent compound annual growth rate in five years (up to 2027), foreign companies could be looking to be part of the growth story. The e-commerce market in Cambodia is expected to be worth over $2.10 billion in 2027, according to research by statista.com, which makes it […]
Read MoreThailand’s public debt-to-GDP ratio rose to 61.4% in fiscal 2023, above an earlier estimate of 60.4%, after the inclusion of the Finance Ministry’s total guarantee for the Oil Fuel Fund’s borrowings — tallying 110 billion baht — in the country’s public debt management plan. Finance Minister Arkhom Termpittayapaisith said a meeting of the ministry’s public debt […]
Read MoreFormer magazine editor Kaysinee Sutthavarangkul never used to give much thought to making cashless payments, as it seemed unlikely to her that every transaction could be made online. But she has changed her buying behaviour since the pandemic. After seeing her 25-year-old daughter use mobile banking applications, the 61-year-old began making online payments. She has now […]
Read MoreKUALA LUMPUR: Malaysia’s wholesale and retail trade sales grew 15.2 per cent year-on-year (y-o-y) to RM133.9 billion in November 2022, mainly boosted by growth in the retail trade sub-sector, said the Department of Statistics Malaysia (DOSM). On a month-on-month (m-o-m) basis, the sales value of wholesale and retail trade decreased by 0.1 per cent, contributed […]
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