MANILA, Philippines – British banking giant HSBC said strong investments and private consumption would help sustain the country’s economic expansion. In a report, HSBC economist Su Sian Lim said the gross domestic product growth in the Philippines, Indonesia, Malaysia, Thailand, Singapore and Vietnam would average 4.4 percent this year and 4.5 percent in 2018. “ASEAN […]
Read MoreJAKARTA: Indonesia on Monday will report fourth-quarter data that’s expected to show annual economic growth moved back above 5% in 2016, but just barely. In 2015, growth slumped for a fifth straight year, falling to 4.79%, the lowest since 2009. For the last quarter of 2016, the median forecast of 18 analysts in a Reuters […]
Read MoreConsumers in China will be able to taste fresh pineapples from Malaysia soon when the country starts importing the fruits, likely next month. Malaysia Pineapple Industry Board director-general Sahdan Salim said both countries were currently finalising details on the quarantine procedures imposed by China authorities. He said both countries had signed an agreement in 2013 […]
Read MoreConsumer confidence rose for a second straight month in January to the highest level in 11 months, driven by the government’s stimulus measures, improving exports and higher farm prices. The University of the Thai Chamber of Commerce (UTCC) reported yesterday that the consumer confidence index rose to 74.5 points last month from 73.7 in December, […]
Read MoreThailand and Myanmar signed 18 memorandums of understanding (MoUs) yesterday as part of a closer strategic partnership between the two countries. Panitarn Pavarolavidya, chairman of the Thai-Myanmar Business Council and deputy secretary-general of the Federation of Thai Industries (FTI), said 16 MoUs were signed by the private sectors of the two countries, with ambitious plans […]
Read MoreReflecting industry concerns, the boss of Thai AirAsia (TAA) yesterday warned that ticket prices inflated by the jump in excise tax on jet fuel will have a detrimental effect on domestic tourism. TAA chief executive Tassapon Bijleveld said passengers flying domestic flights are mostly of the leisure type and are price-sensitive. “A 100- or 200-baht […]
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Thailand
