The manufacturing production index (MPI) in March rose for the first time in 23 month, due to improved global demand and a low base effect, and is likely to increase again in April, the Industry Ministry said on Wednesday. The MPI’s rise of 4.12% from a year earlier was also its fastest pace in 29 […]
Read MoreDeveloping Asia’s economy will rebound faster this year than previously estimated, as nations tread diverging recovery paths, according to the Asian Development Bank. Southeast Asia’s forecast was lowered to 4.4% growth this year amid reduced projections for Malaysia, the Philippines and Thailand. The region’s gross domestic product will expand 7.3% this year, better than the […]
Read MoreRising commodity prices due to a rise in domestic consumption is expected to negatively impact the construction, electrical appliance and electronic component industries, analysts say. However, the effect on share prices may not be felt at this time as investors are speculating on first-quarter results. The hike of commodities prices has also put pressure on […]
Read MoreTOKYO: Japan’s parliament approved on Wednesday the world’s largest free trade deal, signed by 15 Asia-Pacific countries including China and the 10-member Association of Southeast Asian Nations, raising the possibility for the pact to enter into force later this year. The Regional Comprehensive Economic Partnership (RCEP) will create a free trade zone covering about 30% […]
Read MoreThe manufacturing production index (MPI) in March rose for the first time in 23 month, due to improved global demand and a low base effect, and is likely to increase again in April, the Industry Ministry said on Wednesday. The MPI’s rise of 4.12% from a year earlier was also its fastest pace in 29 […]
Read MoreThe Finance Ministry has cut its economic forecast for 2021 to 2.8% from the 4.5% expected in October, factoring in the resurgence of Covid-19 and fresh government stimulus measures. Thursday’s downgrade follows similar recent warnings that Thailand faces downside risks. Earlier this month, the central bank signalled its own 3.2% GDP growth forecast for the […]
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