BANGKOK (BLOOMBERG) – Thailand’s central bank unexpectedly cut its benchmark interest rate for a third time in six months on Wednesday (Feb 5), taking it to a record low as a virus spreading from China puts further pressure on the struggling economy. The Bank of Thailand’s (BOT) monetary policy committee voted unanimously to cut the one-day […]
Read MoreLabour Ministry has been asked to step in and help dozens of plastic bag manufacturers which are at risk of closing their businesses altogether since the government banned single-use plastics on Jan 1. President of Thai Plastic Industries Association (TPIA), Somchai Techapanichgul, said at a meeting with Labour Minister MR Chatu Mongol Sonakul that almost […]
Read MoreThe Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) has cut its forecast for 2020 GDP growth to 2-2.5% from a previous projection of 2.5-3%, citing economic difficulties aggravated by the novel coronavirus outbreak. The panel’s export view remains unchanged between flat and a 2% drop, while inflation is seen at 0.8-1.5%. This is […]
Read MoreThe Bank of Thailand (BoT) slashed its policy rate by 25 basis points to a fresh record low of 1% at this year’s first meeting in an effort to shore up an economy battered by the coronavirus epidemic and the months-long delay in the fiscal 2020 budget bill. The Monetary Policy Committee (MPC) unanimously voted […]
Read MoreThe Hanoitimes – Supporting industries hold significant meaning in Vietnam’s efforts to restructure the economy and enhance national competitiveness, said Minister of Industry and Trade Tran Tuan Anh. Samsung Vietnam on February 4 signed a memorandum of understanding (MoU) with the Ministry of Industry and Trade (MoIT) and the Hai Duong People’s Committee in providing assistance […]
Read MoreLocal liquor manufacturers are struggling to stay profitable as competition from illegal importers continues eat into their margins, said U Soe Lwin, chair of The Myanmar Liquor Association (MLA). Legally imported liquors and spirits like whiskeys, rum and gin are taxed upon entry and this is passed on to consumers. “The total tax payable for […]
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Thailand
