The Ministry of Public Works and Transport on May 15 said it is preparing to expand Sihanoukville Autonomous Port and set up an Electronic Data Interchange (EDI) system at the Kingdom’s ports to ramp up inventory and logistics control and boost exports. This comes as the government sets its sights on industrial development near the […]
Read MoreBANGKOK (BLOOMBERG) – Thailand’s economic contraction continued into the start of year, setting the stage for a further slump as the country now faces its worst wave of Covid-19 cases. Gross domestic product (GDP) in the first quarter shrank 2.6 per cent from a year earlier, the National Economic and Social Development Council said on […]
Read MoreMANILA, Philippines — Money sent home by Filipinos abroad posted another month of growth in March, but mainly due to benefits of a low base that hardly tell a convincing recovery. What’s new Cash remittances coursed through banks rose 4.9% year-on-year in March to $2.5 billion, the Bangko Sentral ng Pilipinas (BSP) reported Monday. That increased the […]
Read MoreBANGKOK: Thailand lowered its 2021 economic growth forecast to 1.5 per cent to 2.5 per cent as it is facing an uphill battle against third wave of COVID-19. The tourism-reliant kingdom had previously forecast growth of between 2.5 and 3.5 per cent in February after it shrank 6.1 per cent last year, the deepest slump […]
Read MoreThe Social Security Office (SSO) is to seek the cabinet’s approval to cut social security fund (SSF) contributions to support those affected by Covid-19 for three months. Surachai Chaitrakulthong, assistant to the labour minister, said on Thursday the Federation of Thai Industry had asked the ministry to launch additional measures to help employers and employees affected […]
Read MoreStock markets plunged in Thailand and around the globe on Thursday as investors panicked over the possibility of interest rates rising after US inflation surged 4% in April, exceeding targets. High inflation in the US may cause the Federal Reserve to taper quantitative easing (QE) and increase interest rates, causing overall liquidity in the markets […]
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