The central bank has not shut the door to further monetary policy easing if the economic situation is worse than expected, the governor said on Monday, calling next year’s growth outlook “disappointing.” Although the economy is expected to perform better next year than this year, its pace is still unsatisfactory and below potential, Veerathai Santiprabhob […]
Read MoreThailand’s customs-cleared exports in November fell 7.39% from a year earlier, after falling 4.54% the previous month, the commerce ministry said on Monday. November’s export numbers came in worse than a Reuters poll forecast for a decrease of 4.5% in shipments, a main driver of Thai growth. Shipments to China rose 2.3% in November from […]
Read MoreThe baht’s heady gains are petering out, thanks to slowing growth and a central bank that’s bent on taming the currency’s strength. After clocking an 8% rise this year, Asia’s best-performing currency is losing momentum as easing US-China trade tensions damp its appeal as a haven. Falling yields on local bonds and equity outflows are […]
Read MoreThe Hanoitimes – Vietnam continues to be one of Thaibev’s core markets and is an integral part to its goal of becoming a stable and sustainable leader in Southeast Asia’s beverage industry, stressed Thaibev. Thai Beverage Public Company (ThaiBev) has refuted rumors of seeking buyers for Vietnam-based major brewer Saigon Beer Alcohol Beverage Corporation (Sabeco), announced […]
Read MoreThe frequency of banking transaction crashes fell sharply in the third quarter after the central bank imposed a measure to publicly disclose them, according to Bank of Thailand data. There were 12 glitches from July to September, compared with 32 in the previous quarter, which was the first time the central bank publicised names. Mobile […]
Read MoreA draft bill on e-business tax, a levy on foreign-based online platform operators earning income in Thailand, is expected to be enforced next year, says the Revenue Department’s head. The bill is being deliberated by the Council of State and will be forwarded to the cabinet and the parliament houses for approval later, said director-general […]
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