Thailand’s economy is expected to grow 3.4% this year, down from the 4% projected earlier, and the recovery would be gradual amid high uncertainties and weak tourism, the World Bank said on Friday. Thailand’s tourism-reliant economy shrank 6.1% last year, its deepest slump in over two decades, with tourism battered by the impact of the […]
Read MoreSiam Commercial Bank Plc, the country’s third-largest bank by assets, on Friday announced a joint venture with Indonesian startup Traveloka to offer financial services and products to Thai customers. The new joint venture, TREX Ventures, will combine Traveloka’s understanding of user behaviour and tap into SCB’s 16 million customers, Pitiporn Phanaphat, the chief financial officer […]
Read MoreKUALA LUMPUR: Malaysia’s government will pay more attention to economic sectors most affected by the pandemic such as tourism and retail, and will wait for the recovery to gain traction before considering any new taxes, the country’s finance minister said Friday. The Finance Ministry is studying the possibility of a consumption tax, but “we have […]
Read MoreSINGAPORE – Singapore’s manufacturing output surged 16.4 per cent last month from a year ago, with robust demand for semiconductors and related equipment, pharmaceuticals and medical devices. This marks a fourth straight month of factory growth, with manufacturing accelerating from the upwardly revised 9.2 per cent rise in January, according to data released on Friday (March 26) by […]
Read MoreVietnam and China are the only two economies in East Asia and Pacific experiencing a V-shaped rebound where output has already surpassed pre-pandemic levels. Vietnam’s GDP growth in 2021 is set to rebound to 6.6%, higher than the government’s target of 6.5%. “Only China and Vietnam are experiencing a V-shaped rebound where output has already […]
Read MoreDeputy Prime Minister and Minister of Economy and Finance (MEF) Dr Aun Pornmoniroth took part in a question and answer session with Khmer Times in conjunction with the 41st anniversary celebrations of the reintroduction of the riel. Here are his responses on the relationship between the National Bank of Cambodia (NBC) and the MEF. Despite being two […]
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Thailand
