The country’s largest shippers group has cut its export growth forecast to 3% this year from the previous 5%, citing the global economic slowdown, the Brexit impasse and the trade row between the world’s two biggest economies. Ghanyapad Tantipipatpong, chairwoman of the Thai National Shippers’ Council, said that given mounting risk factors at home and abroad, […]
Read MoreBANGKOK: The central banks of Thailand, Indonesia, Malaysia and the Philippines will chart out a framework this week to promote trade and investment in local currencies, in a latest move by emerging economies to trim exposure to volatile global markets. The four central banks will sign a letter of intent on a local currency settlement […]
Read MoreThe Hanoitimes – Vietnam`s consumer finance industry grew at a compound annual rate of 41% between 2013 and 2017 on the back of higher personal income and greater penetration of services. The Vietnamese central bank’s recently-proposed stricter regulations on personal unsecured lending by consumer finance companies is credit positive for the Vietnamese finance companies, Moody’s Investors […]
Read MoreThe Hanoitimes – The ADB report highlights the primary external risk to the economy is the faster-than-expected slowdown of the major economies, including the European Union, the US, and China, Vietnam’s main export partners. With growth in the global economy and world trade projected to slow, ADB forecasts that Vietnam’s economic growth will moderate but remain […]
Read MoreMalaysian low-cost carrier AirAsia has announced a direct flight between Thailand’s Phuket and Phnom Penh, which comes as part of the airline’s establishment of a network across Asia and its push into the Cambodia, Laos, Myanmar and Vietnam (CLMV) market, the company has said. The new route will be available four times a week starting […]
Read MoreMANILA, Philippines — The national government extended P2.77 billion in subsidies to government-owned and-controlled corporations (GOCCs) in February, the bulk of which went to irrigation and agriculture programs, according to the Bureau of the Treasury (BTr). Based on the latest cash operations report of the Treasury, government subsidies to state corporations reached P2.77 billion in […]
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Thailand
