Small and medium enterprises form the backbone of Southeast Asia’s growing economy. Accounting for more than 90% of the private businesses in the region, this sector is responsible for generating employment, exports and GDP growth. Hit badly by pandemic-induced lockdowns, SMEs are embracing e-commerce and digitisation to recover from the prolonged bout with physical restrictions and unstable […]
Read MoreThe Bank of Thailand will not extend the easing of loan-to-value (LTV) measures for mortgage loans as the economy is showing clearer signs of recovery. The central bank decided against further extending the easing of LTV measures launched in October 2021 and set to expire in December 2022, said the Bank of Thailand’s assistant governor Chayawadee Chai-Anant. […]
Read MoreSINGAPORE: Citigroup said on Tuesday it had completed the sale of its Thailand and Malaysia retail banking businesses to Singapore’s United Overseas Bank (UOB) in a transaction expected to result in a regulatory capital benefit of copy billion. UOB said in a separate statement that it expects to complete the acquisition of Citigroup’s consumer banking businesses […]
Read MoreAsia’s factories slumped in October as global demand for merchandise goods made in the region continues to weaken, with Thailand recording the steepest drop in the S&P Global manufacturing purchasing managers’ index (PMI). Taiwan’s slump was also a standout, with the PMI dropping to 41.5 in October from 42.2 in September to mark its weakest reading […]
Read MoreUntil August 2022, bilateral trade between Laos and Thailand generated more than USD 5.3 billion. In comparison to the same period in 2021, bilateral trade between Laos and Thailand has increased by 10.3 percent. Exports from Laos to Thailand saw an increase of 8.5 percent at over USD 2.3 billion, and Laos imported goods worth […]
Read MoreThailand’s Manufacturing Production Index (MPI) increased by 3.36% year-on-year to 97.9 points in September, thanks to bustling economic activities, especially in the tourism and export sectors. Exports enjoyed growth while tourism continued to recover, said Warawan Chitaroon, permanent secretary for industry and acting director-general of the Office of Industrial Economics (OIE). “The tourism industry played an […]
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