With interest rates set to rise in the second half of the year, increased household debt could deal a heavy blow to the Thai economy, weakening consumer purchasing power and slowing economic growth, according to KKP Research. Thailand’s household debt now exceeds 90% of Thai GDP, ranked 11th-highest in the world, as households struggle to […]
Read MoreThe deficit in trade of commodities between Cambodia and the rest of the world has narrowed by 23.55 percent to about $3.64 billion in the first five months of this year from $4.8 billion in the same period of 2021, according to figures released by the General Department of Customs and Excise (GDCE). The trade […]
Read MoreMANILA, Philippines — The research units of the Moody’s Group and Fitch Group see the need for more aggressive rate hikes from the Bangko Sentral ng Pilipinas (BSP) to anchor inflation expectations and temper the depreciation of the peso. In its Asia-Pacific weekly highlights, Moody’s Analytics said the Monetary Board needs to aggressively tighten the […]
Read MoreWith powerful financial resources, big retailers are organizing retail chains that sell a wide variety of lower priced goods. Mobile World Group (MWG) has joined the market of technology accessories. The retailer now sells portable smartphone charger, earphones, speakers and keyboards. MWG is the first retail chain joining the technology accessory retail segment, which had […]
Read MoreJAKARTA: Indonesia’s central bank will be “all out” with measures to keep inflation low, including adjusting interest rates if it sees signs of core inflation accelerating, a senior official said on Monday (Jun 27). “We will be monitoring inflation pressures, especially coming from volatile food and also the impact on inflation expectations, and in this […]
Read MoreThe government is considering placing limits on certain imported goods, in an attempt to minimise or cut the use of foreign currency on non-essential items amid dwindling foreign currency reserves, Prime Minister Phankham Viphavanh has told the National Assembly (NA). The premier said changes to the quantity of vehicles, alcoholic beverages and other imported luxury […]
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Thailand
