Many shoppers are trading down to less expensive clothing and accessories — swapping Lululemon leggings for Uniqlo and expensive lingerie for Target bras and panties — as inflation eats into their disposable income and a rocky stock market erodes their wealth. The downshift raises concerns about the coming holiday season, historically a time when many people […]
Read MoreBANGKOK, Nov 7 (Reuters) – Thailand’s headline consumer price index (CPI) rose 5.98% in October from a year earlier, commerce ministry data showed on Monday, slightly lower than forecast. The rise follows September’s 6.41% increase and was just shy of the 6.0% forecast in a Reuters poll. The core CPI index, which strips out energy […]
Read MoreThe government is under pressure after the cabinet approved a bill that allows foreigners to own land if they invest here, a policy that has been widely derided as “selling off” the country. The measure allows foreigners who obtain a long-term resident visa to buy up to one rai of land to build a house […]
Read MoreBangkok Bank (BBL) plans to maintain the loan proportion of its international banking business at the existing level of 24-25% of total loans for the next few years, despite the high growth potential of regional markets. BBL, the country’s largest lender by total assets, expects the loan portfolio of its international banking business to increase marginally […]
Read MoreChinese nationals are still the biggest buyers of property in Thailand, with more than 2,000 units transferred in the second quarter of 2022 alone. Wichai Wirattaphan, acting director of the Real Estate Information Centre, said recently that 2,326 units were transferred to Chinese buyers in the second quarter of this year, up by 27.6% year on […]
Read MoreAsia’s strong economic rebound early this year is losing momentum, with a weaker than expected second quarter. The International Monetary Fund has cut growth forecasts for Asia and the Pacific to 4% this year and 4.3% next year, which are well below the 5.5% average over the last two decades. Despite this, Asia remains a relative […]
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