Member countries of the Ayeyawady-Chao Phraya-Mekong Economic Cooperation Strategy (ACMECS) are working to develop a master development plan for 2019-23 to strengthen sustainable economic growth and enact better economic management. Deputy Prime Minister Somkid Jatusripitak said the ad hoc committee working on ACMECS’s master plan is scheduled to finalise it in April before submitting it […]
Read MoreThailand’s digital economy is expected to reach US$37 billion (1.17 trillion baht) by 2025, out of $200 billion in Southeast Asia, of which e-commerce and ride-hailing services comprise the major share, according to a study by Google and Temasek. “Thailand’s digital economy is at an inflection point for growth as the country has emerged with […]
Read MoreBank of Thailand governor Veerathai Santiprabhob has sounded the alarm over potential sharp market corrections based on a mismatch between market expectations and economic fundamentals. The recent sell-off in global equities and bonds is an example of a market correction triggered by a mismatch between US economic readings and market expectations, he said. “Such market […]
Read MoreCAMBODIAN Commerce Minister Sorasak Pan expects the value of Thai direct investments in his country will double by 2020, driven by expansion in services, agricultural processing, small and medium-sized enterprises and restaurants. Cambodia also expects to see a more balanced trade between the two countries under a target for bilateral trade to reach US$15 billion […]
Read MoreThai Beverage Plc, Thailand’s largest food and drink company, controlled by billionaire Charoen Sirivadhanabhakdi, is getting close to fulfilling its 2020 vision to become a sustainable Asean leader after completing four major acquisitions worth 200 billion baht in the first quarter of its fiscal 2018 (October to December 2017). Chief executive Thapana Sirivadhanabhakdi said the […]
Read MoreThe government is upbeat about the country’s export prospects after shipments rose at the fastest rate in more than five years in January. Commerce Minister Sontirat Sontijirawong said that despite the strong baht, exports could tally 8% growth this quarter, boosted by higher shipments, particularly of computers and components, auto and parts, plastic pellets, jewellery, […]
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