Thailand set to be ‘key logistics hub’ Thailand has the potential to become a key logistics hub in the Greater Mekong Subregion (GMS) through its Eastern Economic Corridor (EEC), a forum was told. “When we work together to fulfill the potential of the EEC, Thailand and the GMS can become a powerhouse across the world,”…
Ministry sets up panel devoted to BCG economy The Industry Ministry has set up a new committee on bio-, circular and green (BCG) economy to step up efforts at putting Thailand on a path toward economic sustainability. The establishment came after the government declared the BCG economic model as a national agenda, hoping it will…
Thailand records higher exports of US$20.22 bln in February BANGKOK, March 25 — Thailand’s international trade has improved in line with the gradual recovery of the global economy, with its export value rising month-on-month to above US$20 billion (AS$1=RM4.12) in February. However, year-on-year (y-o-y), exports fell 2.59 per cent to US$20.22 billion (US$1=RM4.14), the Ministry of Commerce said. …
Thai central bank revises down 2021 growth to 3.0% Bank maintains policy rate but provides new $11 billion aid to business Bangkok — The Bank of Thailand revised down its 2021 growth forecast, as the resurgence of COVID-19 in Southeast Asia’s second largest economy over the last few months had led to the closure of…
Are emerging markets missing out on DeFi due to gas fees? Developed economies dominate the traffic rankings for the top DeFi protocols by TVL, with the U.S. and U.K. topping the charts. Despite grand visions of enabling farmers in Vietnam access to the world of global finance via Decentralized Finance, emerging markets could represent as…
SEC introduces infrastructure promoting capital markets’ digital transformation BANGKOK (NNT) – The Securities and Exchange Commission has introduced sandboxed digital infrastructure to support digital transformation of capital markets and the issuance of digital assets by securities companies, all in line with the government’s policy to elevate Thailand’s economy to a truly digital one. The Securities…
World Bank: Untapped opportunity for Malaysia to reap environmental, economic benefits KUALA LUMPUR, March 23 — A series of World Bank Group studies show that there are untapped opportunities for Malaysia, the Philippines and Thailand to reap environmental and economic benefits with clear and complementary interventions from the private and public sectors. Country director for Brunei, Malaysia, Philippines…
Thai Rates Seen on Hold, GDP Forecast Likely Cut: Decision Guide (Bloomberg) — Thailand’s central bank will likely keep its key interest rate unchanged on Wednesday at an all-time low to save limited policy space while also cutting its growth forecast for the year. All 25 economists surveyed by Bloomberg expect the Bank of Thailand…
Thailand’s EEC joins hands with Huawei Thailand’s Eastern Economic Corridor Office (EECO) and Chinese tech giant Huawei signed a memorandum of understanding (MoU) that aims to produce a digital workforce to meet the kingdom’s emerging needs and developing its position as a digital regional hub. The digital talent collaboration in conjunction with Huawei Asean Academy…
Slow economic recovery will limit Thai banks’ performance: Fitch Ratings Thai banks’ operating environment remains challenging due to a slow economic recovery and continued downside risks from the fallout of the Covid-19 outbreak, Fitch Ratings said. It will be particularly demanding for vulnerable bank clients, especially small businesses.Still, the risk of a severely stressed macroeconomic…