The listed company Sihanoukville Autonomous port has rescheduled its construction plans for the deep water port terminal to mid-2022, with construction set to take three years. The construction was previously set to break ground in mid-2021. “The construction is set to take place in mid-2022 due to the changes to the layout of the deep […]
Read MoreSCG Packaging Plc (SCGP) on Monday announced an 11.8 billion baht expansion in its packaging paper business in Vietnam, anticipating growth in demand. A new facility will be built in Vinh Phuc province in northern Vietnam, to begin operations in early 2024 and produce 870,000 tonnes of packaging paper per year, up from 500,000, SCGP said […]
Read MoreThe Finance Ministry may propose on Monday raising the ceiling of the public debt-to-GDP ratio to 70% from 60%, says a ministry source who requested anonymity. The proposal is to a committee overseeing fiscal discipline. Raising the ceiling to 70% would allow Thailand to borrow an additional 2 trillion baht, the source said. The committee, […]
Read MoreMANILA, Philippines — Economists expect the Bangko Sentral ng Pilipinas (BSP) to keep the benchmark interest rate steady at an all-time low of two percent despite the upward pressure on commodity prices. ING Bank Manila senior economist Nicholas Mapa said monetary authorities may look past the continued breach in the BSP’s two to four percent […]
Read MoreThe baht opened at 33.32 to the US dollar on Monday, weakening from last week’s closing rate of 33.25. The Thai currency is likely to move between 33.25 and 33.40 during the day and between 33.00 and 33.50 this week, Krungthai Bank market strategist Poon Panichpibool said. Poon said the baht was still pressured by […]
Read MoreWe forecast real household spending in Thailand to post growth of 0.2% year-on-year in 2021, following a contraction estimated at 11.8% last year as a result of the Covid-19 pandemic and related lockdown measures. Total household spending (in real terms) will reach 7.6 trillion baht this year — still 11.6% lower than the pre-pandemic figure […]
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