A new round of restrictions aimed at containing the fresh wave of Covid-19 will shake the Thai economy’s fragile recovery from its 2020 slump, says CIMB bank. The bank has revised down its GDP growth forecast for 2021 from 2.6 per cent to 2.2 per cent. The Bank of Thailand has already signalled it will […]
Read MoreThe Cabinet agreed on Tuesday to reduce export tariff for rice heading to Europe and the United Kingdom in a bid to boost the competitiveness of Thai rice in the world market. Deputy government spokesperson Ratchada Thanadirek said the Commerce Ministry had proposed the reduction on tariff based on agreements between Thailand and the European […]
Read MoreVietnam’s growth momentum remains strong this year and next, made possible by the country’s success in controlling the spread of the corona virus. Despite the recent resurgence of the Covid-19 pandemic in nearby countries, Vietnam is set to be the fastest-growing economy in the Southeast Asian region with an economic growth of 6.7% in 2021 […]
Read MoreSINGAPORE: Emerging Asia’s central banks are expected to opt for supporting their economic recoveries rather than tackling volatile price swings this year. All eight emerging Asian economies, including India and Indonesia, are seen holding benchmark interest rates steady through 2021, according to the median forecasts from Bloomberg surveys of economists. Higher real interest rates will […]
Read MoreMANILA, Philippines — The Duterte administration’s budget deficit swelled to its widest monthly level this year so far in March, hurt by a latest collapse in revenues likely to persist as the government awaits returns from lower tax rates while the pandemic bill explodes without signs of a compelling economic revival. The bad news is there are […]
Read MoreCambodia’s economy is forecast to grow 4.0 per cent this year and 5.5 per cent in 2022, as economic recoveries in major trading partners boosts demand for the Kingdom’s exports, according to an Asian Development Bank (ADB) report released on April 28. ADB country director for Cambodia Sunniya Durrani-Jamal said: “The economy contracted by 3.1 […]
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Thailand
