The government vows to move ahead with plans to promote 10 existing special economic zones (SEZs) in 10 provinces in an effort to decentralise development and growth, as well as lure investment to the provinces. According to deputy government spokeswoman Rachada Dhnadirek, the government also pledges to tighten cooperation with neighbouring nations to increase trade and investment […]
Read MoreThai consumers have cut back their spending this year amid rising inflation, but more than half plan to make digital purchases during the sales season, while online shopping across Southeast Asia declined from last year, a recent study revealed. The “Inflation & Shopping in the Digital Age” survey, conducted in November, found inflation affected the spending […]
Read MoreLocal banks have continued to gear up for regional business expansion, aiming to create higher income from the growth potential of the Asean economy in the post-pandemic period. Last week Kasikornbank (KBank) announced the complete acquisition of additional shares of PT Bank Maspion Indonesia Tbk with an investment value of copy86.5 million or roughly 6.53 billion […]
Read MoreThe median salary increase for Thailand in 2023 will be 5.1% compared with this year, according to a survey of more than 700 companies in the six largest Southeast Asian economies by Aon Plc, a global professional services firm. The figure for Thailand compares with an expected median increase of 7.9% in Vietnam, 6.8% in Indonesia, […]
Read MoreThe festive season and a hard sales push in December are seen as the final efforts for local tourism operators to increase average occupancy to 50% this year, which is still notably short of the 69.5% average posted in 2019. Thapanee Kiatphaibool, deputy governor for domestic marketing at the Tourism Authority of Thailand (TAT), said the […]
Read MoreConsumer confidence increased for the sixth straight month in November, hitting a 20-month high, lifted by improved economic activity, an increase in foreign tourist arrivals and lower petrol prices. The University of the Thai Chamber of Commerce (UTCC) reported yesterday the consumer confidence index rose to 47.9 in November from 46.1 in October, 44.6 in September, […]
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Thailand
