The 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 […]
Read MorePRICES and rentals of industrial space edged up quarter on quarter in Q4 2020 as a delay in new completions nudged the occupancy rate upwards, although prices and rents were still down year on year. According to data released by industrial land and infrastructure agency JTC Corp on Thursday, prices of industrial space were up […]
Read MoreMALAYSIA and Vietnam are the two top festive spenders this year within South-east Asia, with sales value growth in Malaysia up a whopping 32 per cent. Vietnam follows with a 15 per cent growth. Unsurprisingly, China is up by 33 per cent, with strong consumer spending on fast moving consumer goods such as food, beverages, […]
Read MoreThe Hanoitimes – A stable macro-economic environment is essential for Vietnam to ensure economic independence and boost its resilience against external shocks. The State Bank of Vietnam (SBV) will stand firm on the goals of putting the inflation under control and keeping stable macro-economic conditions. “This is key to enhance the country’s economic independence and resilience […]
Read MoreBEER and liquor giant Thai Beverage Public Co (ThaiBev)’s brewery unit is heading for a listing on the Singapore Exchange (SGX), Bloomberg reported. The report cited sources with knowledge of the matter that the company is seeking a valuation of about US$10 billion for the unit, with the listing possibly taking place as soon as […]
Read MoreMANILA, Jan 28 (Reuters) – The Philippine economy shrank at a slower pace in the fourth quarter of last year, helped by higher government spending, but saw a record full-year contraction in 2020 as it grappled with the fallout of the COVID-19 pandemic. Gross domestic product (GDP) shrank 8.3% in the December quarter from a […]
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Thailand
