Vietnam has overtaken Bangladesh as the second-biggest garment exporter, according to the latest data released by the World Trade Organization (WTO). Bangladesh had been the world’s second-largest garment exporter since 2010, according to World Trade Organization (WTO) rankings. However, Bangladesh has lost its rank to Vietnam after the latter sold $29 billion worth of apparel […]
Read MoreInvestor confidence has plunged to its lowest level in nine months and is now bearish amid concerns over Thailand’s worsening pandemic and economic contraction, according to a new survey. Paiboon Nalinthrangkurn, chairman of the Federation of Thai Capital Market Organizations (Fetco), said the Investor Confidence Index (ICI) in July, which anticipates market conditions over the […]
Read MoreCambodia drastically downgraded its economic forecast for 2021 to 2.5 per cent from the 4.1 per cent projection announced at the beginning of the year, due to the deteriorating Covid-19 situation. Prime Minister Hun Sen announced the revised prediction on August 1 at the launch of the vaccination campaign for the adolescent group aged 12-17, […]
Read MoreHealthcare and medical equipment stocks are set to remain the biggest beneficiaries of Thailand’s ongoing lockdown, while airlines continue to slump, according to a brokerage. At the end of last month the government extended restrictions for another 14 days, starting from yesterday, and surging Covid-19 cases prompted the SET Index to continue its decline. Mongkol […]
Read MoreNew support measures may lead to a decline of VND20 trillion ($870 million) in State budget revenue. Local businesses are set to enjoy corporate income tax (CIT) cut by 30% for this year, which is expected to help them relieve part of the hardship during the current Covid-19 outbreak. Nguyen Quoc Hung, director of the […]
Read MoreMoody’s Investors Service forecasts a 5-percent credit growth in the Philippines this year but warned that further lockdowns are a key downside risk. Moody’s analyst Joyce Ong said in a virtual briefing on Tuesday that credit growth in the country will likely remain moderated below pre-pandemic levels as businesses postpone expansion plans due to Covid-19 pandemic. “In terms of […]
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Thailand
