The Russia-Ukraine conflict is estimated to inflict 244.70 billion baht’s worth of damage to the Thai economy, dragging GDP growth to only 2-3% this year, if it is extended for the entire year, according to the latest study by the University of the Thai Chamber of Commerce (UTCC). “The Thai economy is highly likely to […]
Read MoreInvestors currently have many opportunities to participate in maritime projects worth more than 300,000 billion VND after Vietnam’s master plan on seaport system development is approved. The Vietnam Maritime Administration is about to submit to the Ministry of Transport for approval the policy and resources to implement the master plan on Vietnam’s seaport system development […]
Read MoreThe government is aiming for a trade surplus of at least US$1.55 billion this year, despite the country’s economic difficulties triggered by the Covid pandemic. The value of exports is projected to reach US$7.6 billion while the value of imports is forecast at US$6.05 billion, according to a recent report from the Prime Minister’s Office. […]
Read MoreMANILA, Philippines — Private companies relied more on foreign currency (FCY) bonds for their financing needs last year, reducing their exposure to the local currency (LCY) bond market. In a report, the Department of Finance (DOF) said corporate LCY bond issues fell by nearly 12 percent to P1.42 trillion last year from P1.61 trillion in […]
Read MoreThe crude oil price in the world market has reached a 14-year high and is nearing $140 per barrel. Experts predict the petrol price may rise to $30,000 per liter if there is no price intervention. The oil price has been surging sharply since early this week as a result of the concern about supply […]
Read MoreThe National Energy Policy Committee (NEPC) on Wednesday resolved to remove the 40-billion-baht cap on loans to support the Oil Fund in the wake of the Russian invasion of Ukraine. Kulit Sombatsiri, permanent secretary for energy, said the decision will give the government more room to deal with soaring oil prices. The decision reached in […]
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Thailand
