This year’s export contraction must not exceed 0.9% if Thailand’s GDP growth is to reach 3%, says the Finance Ministry’s Fiscal Policy Office (FPO). Thai shipments saw a 2.2% year-on-year contraction during the first eight months, while August exports tumbled 4% year-on-year, said FPO deputy director-general Wuttipong Jittungsakul. With the ongoing export doldrums, a continued […]
Read MoreReal rural wages increased by around 40 percent in just five years due to labour shortages brought about by migration, a study shows. The finding was revealed during workshop organised by the United States Agency for International Development (USAID) in Yangon on Thursday. Machinery such as combine harvester were hardly used in 2013, but by […]
Read MoreThe Thai Bankers Association’s credit card club plans to discuss its concerns about credit risk from zero-rate marketing campaigns with the Bank of Thailand. Shoke Na Ranong, executive vice-president for Bangkok Bank’s credit card division, said the club is in preparation to talk to officials about the central bank’s criticism of zero-rate campaigns in the […]
Read MoreNEW YORK/KUALA LUMPUR: Index provider FTSE Russell said on Thursday it would retain China’s onshore government bonds on a watch list for a possible upgrade that could allow Chinese debt entry to its widely tracked government bond index. Malaysian bonds, which were on review for a downgrade that would have excluded them from the World […]
Read MoreMANILA, Philippines — As expected, the Bangko Sentral ng Pilipinas (BSP) delivered another 25 basis points rate cut yesterday as part of an easing cycle that saw interest rates decline by 75 basis points since May due to easing price pressures, as well as weaker economic growth. In a press conference, BSP Governor Benjamin Diokno […]
Read MoreThe government is mulling removal of four business types from List 3 of the Foreign Business Act (FBA) as it tries to reduce obstacles to foreign investment. Poonpong Naiyanapakorn, deputy director-general of the Business Development Department, said the four businesses types are telecommunication services for licence type 1 (telecommunications business operator without its own network […]
Read More
Thailand
