HIGH ECONOMIC GROWTH RATE AND ADOPTION OF TECH MAKES ASEAN ATTRACTIVE: SONTIRAT PRIME MINISTER General Prayut Chan-o-cha has urged policymakers and entrepreneurs in Southeast Asia to develop and nurture a digital trade ecosystem as information technology in the region takes off. Delivering the keynote speech on the topic of “CLMVT Taking-Off Through Technology”, Prayut praised […]
Read MoreThe Bank of Thailand forecasts that Thailand’s ageing demography will dampen the country’s annual GDP growth by 1.5 percentage points over the next 10 years. Thailand’s labour growth rate averaged 5% over the past 10 years, but such growth is expected to decline to 3.5% a year in the next decade, said Don Nakornthab, senior director […]
Read MoreAFTER posting disappointing Q3 results on Tuesday, Thai Beverage (ThaiBev) said on Wednesday evening it continued to remain optimistic about its growth in the upcoming quarters. It cited plans to double down on the Vietnam beer market as well as pinning its hopes on the upcoming Thai elections, expected to happen early next year, giving […]
Read MoreTurkey’s currency crisis may create an opportunity for foreign investors to snap up Thai bonds because Thailand’s low inflation supports bond investment returns, says Kasikornbank (KBank). “Some fund managers that lack discernment may not realise that this is a good opportunity to pick up Thai asset classes that have strong fundamentals and satisfying returns,” said Kobsidthi Silpachai, […]
Read MoreThai commercial banks witnessed a first-time contraction of 11.2% in fee-based income from fund transfers in the second quarter of the year, due to waived fees on digital banking transactions. In the second quarter this year, commercial bank revenue from fund transfers was 5.27 billion baht, a contraction of 11.2% compared with the same period last […]
Read MoreThe Hanoitimes – The equity internal rate of return (EIRR) of the project shall be not less than 12%, stated B.Grimm Power. The board of directors of B.Grimm Power, the power generation arm of Thailand-headquartered B.Grimm Group, on August 10 approved the investment in 257-MW solar power plant project in Vietnam, announced the company in a […]
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