With leaders from the Greater Mekong Sub-region gathering next week in Phnom Penh for a new summit on Lancang-Mekong Cooperation, leading political thinkers and researchers say the LMC mechanism plays a crucial role in enhancing economic cooperation in the region and complements the work being done at the Asean-level. The LMC is a relatively new […]
Read MoreBank of Ayudhya (BAY) is exploring opportunities in Vietnam’s consumer finance market in line with its parent Bank of Tokyo Mitsubishi UFJ’s (BTMU) policy to deepen the group’s reach in Southeast Asia. Thailand’s fifth-largest lender by assets is weighing several options such as setting up its own business, partnering with local players, and mergers and […]
Read MoreThailand’s consumer confidence rose for a fifth straight month in December, lifted by a brighter economic outlook but low commodity prices were still a worry, a private survey showed on Thursday. The index of the University of the Thai Chamber of Commerce rose to 79.2 in December from 78.0 in November. Consumers were confident about […]
Read MoreThailand and India may have to give freer rein to the baht and rupee this year to avoid triggering US accusations that they’re manipulating their currencies to support exports. The Reserve Bank of India (RBI) has already exceeded a key threshold on how much it can intervene to curb the rupee’s gains that the US […]
Read MoreKUALA LUMPUR: Thailand, Indonesia and Malaysia’ pledge to withhold exports of 350,000 tonnes of natural rubber (NR) until March 2018 comes into immediate effect on Thursday. The three countries will also push ahead with greater domestic consumption of the commodity, according to the Bangkok-based International Rubber Consortium Ltd (IRCo). The IRCo said the withholding of […]
Read MoreThe government’s forecast for inflation this year is 0.6-1.6% on expected increases in oil prices after 2017 saw inflation of 0.66%. The state welfare scheme, relatively high household debt and lower farm prices are expected to keep a damper on inflation prospects. Pimchanok Vonkorpon, director-general of the Trade Policy and Strategy Office, said the forecast […]
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Thailand
