Economists are forecasting that Thailand’s Monetary Policy Committee meeting on August 7 will maintain the country’s interest rate at 1.75 per cent despite the US FED cutting its interest rate last week. “We believe that the MPC will maintain the country’s interest rate 1.75 per cent and that as the FED interest cut will have […]
Read MoreGEORGE TOWN: The volume of export cargo handled at Penang International Airport is projected to contract by 1% to 2% this year from 69, 855 tonnes recorded last year. Penang Freight Forwarders Association (PFFA) had earlier forecast the volume of export would increase by 5% to 73, 348 tonnes in 2019. According to PFFA deputy […]
Read MoreThe Hanoitimes – rime Minister Nguyen Xuan Phuc admitted although Vietnam has gained initial success in global supply chains, Vietnamese businesses have mainly joined these chains in fields such as assembling or product packaging, which are lower in value and lack sustainability in supply chains. Vietnam has been a long-term beneficiary given its rising integration with […]
Read MoreThe local insurance industry may have been dealt a setback after negotiations between several local and foreign insurers were reported to have broken down. According to a report by Nikkei, which cited insiders, local insurers decided to pull out of talks with Thailand’s Muang Thai Insurance and Muang Thai Life Assurance, and South Korea’s DB […]
Read MoreThe government looks set to amend the Price of Goods and Services Act, which has been in force since 1999, aiming to apply administrative sanctions instead of criminal penalties. Wattanasak Sur-iam, deputy di- rector-general of the Internal Trade Department, said the new penal- ties will help the act comply with changing economic and business conditions. […]
Read MoreMANILA, Philippines — The country’s sugar production is expected to remain low, possibly requiring more imports for the country. An industry source privy to the matter said local sugar production is seen nowhere near recovery for the next crop year which will start next month. “Next year’s estimate is even lower than this year’s actual […]
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Thailand
