Thai exports are expected to contract by 0.5% this year because of the global economic slowdown, according to ttb analytics, the research arm of TMBThanachart Bank (ttb). The most severe contraction is forecast to take place during the first five months of the year, before beginning to recover during the remaining seven months, said Naris Sathapoldeja, […]
Read MoreKUALA LUMPUR: The international reserves of Bank Negara amounted to US$114bil (RM509.5bil) as of March 15, down marginally from US$114.3bil (RM510.8bil) as of Feb 28. “The reserves position is sufficient to finance five months of imports of goods and services,” the central bank said in a statement. Bank Negara said the main components of the […]
Read MoreSINGAPORE – Marine fuel sales in Singapore contracted by nearly 13.5 per cent in February as fewer vessels called at the world’s largest bunkering hub due in part to the shorter month. Sales fell to 3.79 million tonnes compared with 4.38 million tonnes in the previous month, data released by the Maritime and Port Authority of […]
Read MoreLaos-China Railway will extend its passenger services on the international route to China from Vientiane to Kunming and return starting next month. Deputy Chief Engineer at Lao-China Railway Company, Mr. Vongthong Souphanthong, has said that the Laos-China Railway Company will open international services from Vientiane to Kunming, China, and back in mid-April 2023. Laos-China Railway […]
Read MoreVietnam will begin reducing its unofficial exports in 2025 to prevent congestion at land borders, especially with China, according to a draft government decree. Currently goods are exported through land borders both officially with quotas and unofficially without quotas. Exports worth under 8,000 yuan (US$1,160) per person per day fall under the unofficial category and […]
Read MoreThe private sector is urging the government to upgrade soft power to a national agenda item and establish a board to directly manage its development. Speaking at a seminar organised by the Thammasat Economics Association of Thammasat University, Vuthithorn Milintachinda, chief executive of Woody World Co, said Thailand has tremendous opportunities to enhance the value of […]
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