Foreign funds are rushing out of Southeast Asian equities on concerns a coronavirus resurgence will dent the region’s economic recovery, and a slow vaccine rollout means the selloff may not reverse anytime soon. Thailand, the Philippines and Malaysia had combined outflows of $2.7 billion from their equities in the April-June period, the biggest exodus since […]
Read MoreCambodia expects a huge growth in electricity demand to meet the needs of a recovering economy when the Coronavirus pandemic ends, says the Ministry of Mines and Energy. It added the additional necessary power sources will come from fossil fuel plants. The prediction comes after the World Bank and International Monetary Fund (IMF) said Cambodia’s […]
Read MoreThe COVID-19 pandemic has posed unprecedented challenges to many sectors, requiring firms to adapt and change their ways of doing business, but it also presents opportunities for some businesses to grow. As nations around the world put in place measures to contain the spread of the virus, trade flows and supply lines were and continue […]
Read MoreThe government has set a budget of 100 billion baht to pay the principal on debt for fiscal 2022. The amount, which accounts for 3.2% of the government’s expenditure for that fiscal year, reflects its strong ability to repay debt, said Public Debt Management Office director-general Patricia Mongkhonvanit. Most of this planned principal payment is […]
Read MoreMANILA, Philippines — Economists expect bank lending to remain in the red in the coming months amid lack of demand from borrowers and banks turning risk-averse due to uncertainties brought about by the COVID-19 pandemic. ING Bank senior economist Nicholas Mapa said loans disbursed by big banks may continue to drop as demand for credit […]
Read MoreOnline shopping in Thailand surged again in the first quarter this year with spending up by an estimated 45.05 per cent. Thais spent an estimated 75 billion baht per month online from January to March, up from 52 billion baht in November, according to the Department of International Trade Promotion (DITP)’s latest e-commerce survey. The […]
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Thailand
