Government spending continued to be the growth driver of the Thai economy as private investment remained unchanged and tourism contracted in February, the Bank of Thailand said on Friday. Government spending expanded at a slower pace, but continued to be the driver of the economy. Excluding transfers, spending rose due to salary increases for government […]
Read MoreInvestment in Asia, especially in Thailand, is growing significantly. Therefore, the Thai government, under the leadership of Prime Minister Gen. Prayut Chan-o-cha, has encouraged related government agencies to take measures to boost investment in the country, improve the investment environment to be ready for “Thailand 4.0” and to become the world’s investment destination. The Office […]
Read MoreBANK lending in Singapore in February gained from the month before at the strongest pace since November 2013, preliminary data from the Monetary Authority of Singapore on Friday showed. Bank lending grew 1.7 per cent in February 2017 from a month ago, compared to the flat growth in January. Loans through the domestic banking unit […]
Read MoreThe state-owned enterprise that operates Cambodia’s only deep-sea port is aiming to raise $27 million by floating a 25 percent stake on the Kingdom’s stock market, a company executive said yesterday. The initial public offering (IPO), to be held following a six-day bookbuild in late April, could end up being the largest public offering on […]
Read MoreThe stronger baht may tame the pace of the export recovery and make Deputy Prime Minister Somkid Jatusripitak’s 5% growth target hard to achieve, shippers say. “Mr Somkid has an ambitious hope of 5% growth, but in reality we might see only a 1.5-2% expansion this year,” said Nopporn Thepsithar, president of the Thai National […]
Read MoreMyanmar’s new government, one year on. Interview with Aye Thiha from the American Chamber. For the private sector, dialogue with the new government has not translated into concrete actions. Foreign direct investment has dropped; various industries, such as the construction and real estate sector, have had a hard time; the ill-drafted foreigner laws prompted a […]
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Thailand
