The Bank of Thailand (BoT) is likely to slash its economic growth outlook for this year and next year as the country struggles with a rapidly spreading third wave of Covid-19 infections. The new outbreak, driven in part by the highly transmissible B.1.1.7 variant, has caused over 26,000 cases and 46 deaths in just 25 […]
Read MoreIt is becoming obvious that the global economy, especially in some of the richer nations, is recovering. Recent indicators such as retail sales, industrial production, purchasing managers’ indices and labour market indicators, show good signs of revival. Indeed, the International Monetary Fund this month revised upward its forecast for world economic expansion to 6.0% — […]
Read MoreMANILA, Philippines — Bad debts are not yet done saddling Philippine banks this year with regulators told to expect them to rise to their highest level since at least 2008, crippling their ability to lend and exacerbating an economic downturn with no end in sight yet. The local banking industry is seeing non-performing loans (NPL), […]
Read MoreWhile advancements in 2020 Provincial Competitiveness Index strengthen local business climate, breakthrough approaches are urged to create new room for future improvements to increase investment attraction amid tougher regional competition. Just a few days ago, the northeastern province of Quang Ninh licensed a $500 million photovoltaic cell technology project funded by Jinko Solar Hong Kong. […]
Read MoreThe Commerce Ministry plans to upgrade its export growth forecast to more than 4% after Thai export value in March recorded 8.47% growth, driven by intensive economic stimulus policies in trading countries, worldwide vaccinations and higher crude oil prices. Thai exports were above US$20 billion for two consecutive months, with value in March rising to […]
Read MoreSINGAPORE – The Republic’s core inflation continued to rebound in March, driven by higher services inflation as well as smaller declines in the costs of retail and other goods, electricity and gas. This comes after it turned positive in February for the first time in a year. Core inflation, which excludes accommodation and private road transport costs, […]
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Thailand
