Kasikorn Research Center (KResearch) has upgraded its 2021 economic growth projection to an expansion of 0.2% from the previously forecast 0.5% contraction, and with the projection of next year’s growth at 3.7%. Possible risk factors next year include high oil prices and inflation. KResearch holds the view that the economy in 2021 should post higher […]
Read MoreWith Thailand reopening on November 1 and the export sector moving in a positive direction, Finance Minister Arkhom Termpittayapaisith reckons the economy will grow by at least 1 per cent this year. He said the economy is bound to pick up in the last quarter, though some parts of the country still face the risk […]
Read MoreThe manufacturing production index (MPI) for September showed a smaller than expected drop of 1.28% from a year earlier, the Industry Ministry said on Wednesday. This followed an easing of coronavirus restrictions. The reading compared with a forecast for a 3.0% fall in output in a Reuters poll and August’s revised 4.71% decline. Source: https://www.bangkokpost.com/business/2204963/sept-factory-output-falls-1-28-y-y
Read MoreWe projected to reach four percent by the end of the year, which is higher than IMF’s estimated figure of 3.2 percent and OECD’s 3.7 percent. Jakarta (ANTARA) – Finance Minister Sri Mulyani Indrawati is optimistic that Indonesia’s economy could grow by four percent or higher than the Organisation for Economic Co-operation and Development’s (OECD’s) […]
Read MoreSalary increases at multinational companies this year are expected to be marginally down from 2020 and rise slightly next year. At local companies they increased slightly, and are likely to remain steady in 2022, according to the Talentnet – Mercer Total Remuneration Survey. While quite a bit higher than the inflation rate, the rates of […]
Read MoreShortfall widest in 4 months MANILA, Philippines — The country’s balance of payments (BOP) reverted to a deficit of $412 million in September, ending two months of surpluses, as the national government paid maturing foreign obligations. Data released by the Bangko Sentral ng Pilipinas (BSP) showed the deficit recorded last month was a complete reversal […]
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