Interest rates are less important than confidence as a mechanism for propping up economic growth, says Deputy Prime Minister Somkid Jatusripitak. Amid a gloomy global economy, Thailand needs to build confidence above all, Mr Somkid said, adding that tepid investment is contributing to the firmer baht, so it’s necessary to ramp up investment to bolster […]
Read MorePETALING JAYA: Total vehicle sales in August dropped 22% to 51,148 units from 65,550 units in the previous corresponding period, due to the higher base last year as vehicles received a boost in sales from the one-off tax holiday. In a statement yesterday, the Malaysian Automotive Association (MAA) said year-on-year passenger car sales dropped 16% […]
Read MoreA senior government official says that the government is set to focus on supporting the digital economy next year. Deputy Director General of Posts and Telecommunications U Than Thun Aung said this in his speech during the Myanmar Connect 2019 Conference on Tuesday. U Than Thun Aung said regulatory areas that will be the focus […]
Read MoreThailand, Malaysia, Vietnam and Philippines are competing fiercely for a larger share of China’s fruit market. China imported fruits worth US$7.62 billion, up 36 per cent from the previous year, according to statistics from the Customs Department of China in 2018. The total imported quantity exceeded 5.52 million tonnes and was a 25 per cent […]
Read MoreThe insurance regulator is being urged to reconsider the ceiling on brokerage commission fees for motor insurance in order to accommodate existing market conditions, as the motor insurance segment has posted losses for five straight years. Kheedhej Anansiriprapha, executive director of the Thai General Insurance Association (TGIA), said the net loss ratio for motor insurance […]
Read MoreMANILA, Philippines — While the Philippines could see a spike in nickel prices when it is able capitalize on Indonesia’s nickel ore ban, the government is unsure if the local sector will be able to meet the demand for high grade ore. In an interview, Mines and Geosciences Bureau (MGB) director Wilfredo Moncano told reporters […]
Read More
Thailand
