Despite a strong fiscal position and low external vulnerability constituting credit strengths amid recurring political uncertainty, Thailand’s ageing society, moderate competitiveness and labour shortages will weigh on economic growth and public finances over time, says Moody’s Investors Service. “Absent materially higher migration, population ageing will weigh significantly on growth potential,” Moody’s said in a report. “Moreover, […]
Read MoreThe US is still the largest feeder market to Thai hotels, while China has surpassed Japan, Hong Kong and South Korea for second place, according to a report by Expedia Group. Demand for hotels from Americans has grown by 20% year-on-year. Another rising country is India, which breached the top 10 list of feeders to […]
Read MorePUTRAJAYA: Malaysia will welcome any investments from abroad – especially from Japan – that will raise the skills and wages of Malaysian workers. Finance Minister Lim Guan Eng said such investments would improve the competitiveness of the Malaysian economy through the application of new technology. Lim Guan Eng Speaking at the shareholders’ agreement signing ceremony […]
Read MoreVIENTIANE (Vientiane Times/ANN) – The management of the Lao currency is being moderately implemented across the country and it is stable as the rate of inflation stands at 1.5 per cent. However, the National Assembly (NA) has given the government the task of bringing the currency exchange rate below 5 percent by the end of this […]
Read MoreSEJONG, June 12 (Yonhap) — The head of South Korea’s customs agency discussed signing customs deals meant to facilitate bilateral trade with his counterparts from Indonesia, the Philippines and Vietnam, the agency said Wednesday. Kim Yung-moon, commissioner of the Korea Customs Service, held separate bilateral meetings with the three counterparts on the sidelines of an […]
Read MoreBank Indonesia will likely join other central banks in easing monetary policy to counter a global economic slowdown, Finance Minister Sri Mulyani Indrawati said. “When the situation has now changed, especially in advanced countries, including about the direction of monetary policies, and there is a signal of the global economy weakening, I think Bank Indonesia will […]
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Thailand
