The Thai economy has stabilised, with inflationary pressures subsiding and public debt still below 70% of the country’s GDP, according to the Fiscal Policy Office (FPO). The government’s fiscal and monetary status remains strong, with US$202 billion in foreign reserves as of October, the FPO said. Pornchai Thiraveja, director-general of the FPO, said private consumption […]
Read MoreSINGAPORE hotels’ average room rate (ARR) slipped in October, but was still the next highest rate recorded following September 2022’s 14-year high, Singapore Tourism Board data showed on Tuesday (Nov 29). ARR was up 76.2 per cent from the year-ago period to S$281.89, even as it was marginally lower than September’s revised record of S$283.47, […]
Read MorePETALING JAYA: Headline inflation is expected to ease going into 2023, but living costs will remain a concern with retail prices unlikely to come down anytime soon, said an economist. AmBank Research group chief economist Anthony Dass believes the expected global economic slowdown in 2023 would ease the supply-demand imbalances that have been distorting prices. […]
Read MoreThe Economic Intelligence Center (EIC), a research unit under Siam Commercial Bank, has slashed its 2023 GDP growth projection for Thailand due to the global economic slowdown and the increased likelihood of a recession in developed economies. The research house has downgraded the country’s GDP growth rate for next year to 3.4%, from the previous forecast […]
Read MoreThe tourism sector might be challenged by a slow market in the second quarter next year as there will be no more pent-up demand which fuelled the market this year, according to the Tourism Authority of Thailand (TAT). The TAT is preparing to hold a special event called “Amazing Thailand 10 Million Celebrations” on Dec 10 […]
Read MoreAfter Vietcombank, HDBank has recently announced to lower lending interest rates for enterprises doing business in many industries with a total interest rate reduction of up to VND120 billion. Although deposit interest rates in the market remain hot, a few banks have suddenly cut lending rates to support enterprises that need capital for production and […]
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Thailand
