The government is more upbeat about the country’s cross-border trade prospects this year after overall cross-border trade, including transit trade, recorded healthy growth of 31.2% in the first eight months. According to Commerce Minister Jurin Laksanawisit, overall cross-border trade including transit trade tallied 1.11 trillion baht from January to August. Transit trade involves the passage […]
Read MoreKoh Tonsay tourism port, on the Koh Tonsay Island, four kilometres off Kep province’s mainland, is set to undergo a groundbreaking ceremony n mid-October. The project will take 15 months to complete. The Koh Tonsay tourism port is part of ADB’s Greater Mekong Subregion Tourism Infrastructure for Inclusive Growth Project phase II, according to a report by […]
Read MoreThe baht opened at 33.65 to the US dollar on Friday, strengthening from Thursday’s closing rate of 33.82. The Thai currency is likely to move between 33.60 and 33.80 during the day, Krungthai Bank market strategist Poon Panichpibool predicted. Poon said that the baht might strengthen on Thursday after the Bank of Thailand signalled the […]
Read MoreMANILA, Philippines — Banks finally got the better end of record-low interest rates as lending recovered with a 1.3 percent growth in August, ending eight straight months of contraction, according to the Bangko Sentral ng Pilipinas. BSP Governor Benjamin Diokno said the credit growth recorded by universal and commercial banks in August reversed the 0.7 […]
Read MoreHeadline inflation in August contracted 0.02% year-on-year, the first drop in five months, after the decline of fresh food prices and the government’s launch of stimulus measures to ease the cost of living during the pandemic, says Wuttipong Jittungsakul, deputy spokesperson of the Fiscal Policy Office. He said some economic indicators in August showed signs […]
Read MoreSenior Economist at UOB Group Julia Goh and Economist Loke Siew Ting review the latest performance of the exports sector in the Malaysian economy. Key Takeaways “Gross exports expanded at a faster pace by 18.4% y/y in Aug (Jul: +5.0%), beating our estimate (+9.8%) and Bloomberg consensus (+14.6%). Gradual relaxation of containment measures for some […]
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Thailand
