Thai millennials’ spending on ‘must-have items’ amounts to 1.37 trillion baht a year, representing 13% of the country’s GDP, and half of them owe debts, while one-fifth of debtors have defaulted, according to TMB Analytics. Gen Y, those born in 1981-96, total 14.4 million people in Thailand and 7.2 million of them are indebted, said […]
Read MoreEconomists foresee further cuts in Thailand’s policy interest rate next year — but not next month — after the central bank governor said policy makers are prepared to act if economic growth worsens, though will avoid taking interest rates below zero. “In the short term, we are ready to use monetary policy if needed,” Governor […]
Read MoreThai people have reduced their spending to survive the country’s economic difficulties, a belt-tightening exacerbated by political and social fears, according to the result of a survey by Suan Dusit Rajabhat University, or Suan Dusit Poll. The poll was conducted on 1,174 people throughout the country from Nov 19-23. Asked how they have saved money, […]
Read MoreSINGAPORE’S headline and core inflation both eased in October, contrary to economist expectations that they would hold steady. Headline inflation was 0.4 per cent in October, down from 0.5 per cent the month before, according to Department of Statistics figures on Monday. Core inflation, which excludes accommodation and private road transport costs, was 0.6 per […]
Read MoreAcknowledging the potential that Cambodia holds in terms of air travel and tourism, budget airline AirAsia is eyeing to expand into Cambodia through partnership with a local player. The Nikkei Asian Review reported this week that Cambodia is among three countries in Asia where AirAsia is looking at having a local affiliate. The report also […]
Read MoreThe Hanoitimes – The Hoa Lac Hi-tech Park is currently home to 91 projects which have combined investment approvals of over VND85.8 trillion (nearly US$3.7 billion). Four projects worth a combined VND7.46 trillion (US$320.5 million) in the fields of high-tech equipment manufacturing, smart electronics, pharmaceuticals, and radiation-resistant plastics, will be carried out in the Hoa Lac […]
Read More
Thailand
