Prime Minister Hun Sen minced no words on Saturday saying that Cambodia will not accept the new labour policy of Thailand supposedly brought forward by the Move Forward Party’s leader Pita Limjaroenrat. The Move Forward Party’s leader has purportedly threatened to expel Cambodian workers. In the recent election held in Thailand, the Move Forward Party’s […]
Read MoreThailand is at risk of water scarcity in the eastern region, where the government’s flagship investment project Eastern Economic Corridor (EEC) is being developed, as water demand grows while supply is limited, says the Federation of Thai Industries (FTI). Climate change could intensify drought in this region, said Somchai Wangwattanapanich, vice-chairman of the FTI and chairman […]
Read MoreResearch houses expect the Bank of Thailand to raise its policy rate one or two additional times this year because of an upside risk to inflation as the economy recovers. SCB Economic Intelligence Center (EIC), a research unit of Siam Commercial Bank, predicts the central bank’s Monetary Policy Committee (MPC) will raise its policy benchmark rate […]
Read MoreThailand’s Manufacturing Production Index (MPI) is expected to be tepid this year, with growth of 0-1% because of a combination of business obstacles domestically and overseas, as the April reading was the lowest in 34 months. The April MPI plunged 8.14% year-on-year to 83.5 points, the seventh consecutive decline since October last year, said the Office […]
Read MoreThe Bank of Thailand’s Monetary Policy Committee (MPC) has raised its policy rate by 0.25 percentage points, in a bid to maintain the momentum of the Thai economic recovery. The MPC yesterday voted unanimously to raise the policy rate by a quarter percentage point, from 1.75% to 2%, with immediate effect. The rate hike aligns with […]
Read MoreEconomists are concerned about a weakening Chinese economy, saying the mainland’s shaky recovery from the pandemic has pressured regional stock markets and the Thai economy. China’s manufacturing purchasing managers’ index (PMI), which fell to a five-month low of 48.8 last month, was among the major reasons Asian stock markets declined on Wednesday, along with a dimming […]
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