No new loans extended by the Small and Medium Enterprise Development Bank of Thailand (SME Bank) have turned sour year-to-date, and the state-owned bank’s bad loan ratio is expected to continue to fall to 17% at year-end. None of the bank’s new loan borrowers have failed to repay their debt since the beginning of the […]
Read MoreTourist arrivals rose to 14.3 million during the first five months of this year, an increase of 2.7% year-on-year, according to the Tourism Authority of Thailand. TAT governor Yuthasak Supasorn said an improved tourism image was a factor supporting the growth visitor numbers, coupled with the new flight connections with countries such as Russia, Scandinavia […]
Read MoreKUALA LUMPUR — Malaysia’s industrial production in April rose 4.2% from a year earlier, government data showed on Friday, supported by strong growth in the manufacturing and food and beverage sectors. However, output growth for April was below a 4.8% annual rise forecast by a Reuters poll and slower than the 4.6% increase in March. […]
Read MoreMANILA, Philippines – International credit rating agency Fitch Ratings said the passage of the first package of the tax reform program shows the commitment of the Duterte administration to improve the country’s fiscal stability and support its ambitious public investment program. In a report titled “Philippine tax bill supports long-term fiscal priorities,” Fitch said the […]
Read More(KPL) Laos and Thailand have agreed to double bilateral trade and investment over the next five years from 2017-2021. The agreement was made at a bilateral meeting of the two governments between Deputy Prime Minister and Minister of Finance of Laos Somdy Douangdy and Thai Deputy Prime Minister Somkid Jatusripitak held in Vientiane Capital last […]
Read MoreThe government has plans to intensify reforms to boost growth and further attract foreign investments as it sees the economy taking off this year, said Union Minister U Kyaw Win of the Ministry of Planning and Finance. The new government – which took over in the late 2015 – has finished the transitional phase and […]
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Thailand
