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Thailand: Panel downgrades export outlook

The 2023 export outlook is growing dimmer, with the Joint Standing Committee on Commerce, Industry and Banking (JSCCIB) cutting its export forecast to -1% based on the prospect of a global recession. The committee’s best-case scenario is zero export growth this year. Earlier this year, the group predicted Thailand’s export growth to tally 1-2% in 2023, […]

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Cambodia: Visa, Mastercard to develop technology in Kingdom

The US payment service providers Visa Inc and Mastercard Inc will develop their payment technology and financial literacy programs to support small and medium enterprises in Cambodia that are expected to have business interactions with multinational companies from the world’s largest economy in the future, said a senior official of a leading business chamber. The […]

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Malaysia data center market size to grow by USD 2.08 billion between 2021 and 2026; Driven by demand planning and expansion by hyperscalers – Technavio

The “Malaysia Data Center Market by Type – Forecast and Analysis 2022-2026” report has been added to Technavio’s offering. The potential growth difference for the Malaysia data center market between 2021 and 2026 is USD 2.08 billion. The growth momentum will be accelerating at a CAGR of 15.72% during the forecast period. The market is driven by demand planning and expansion by […]

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Foreigners flee Thai stocks at rapid rate

Foreign investors were net sellers of UScopy.1 billion (37 billion baht) worth of shares on the Thai stock exchange in February, the highest value among Asian bourses for the month and the biggest net sell-off on the exchange since April 2020, with several factors pressuring investments, according to analysts. Foreign investors sold 3.33 billion baht worth […]

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