Inflation diverges in Southeast Asia’s two biggest economies BANGKOK: Inflation in Southeast Asia’s two biggest economies, Indonesia and Thailand, diverged in March, putting the two nations on possibly different monetary policy courses. Consumer-price growth in Indonesia eased to 2.48 percent last month, below the central bank’s 2.5 percent to 4.5 percent target band, while in…
Forecasts for Thai export growth revised upwards The meeting of the Joint Standing Committee on Commerce, Industry and Banking has revised upwards its forecast of export growth in 2019 to between 6.5 – 7.5% from the previous forecast of between 3.5 – 4.5%. The revision is in line with export growth in the past eight…
Thai businesses feeling pinch from china-US trade wars Since the US China trade war kicked off in the middle of 2018, Thai businesses have begun to feel the pinch as indicated by a small downward trend in Thai export numbers. In the short run, some Thai export items may benefit from trade diversion as US and…
Emerging Asia’s Growth Prospects To 18-Year Low (ADB) Southeast Asia is projected to grow 4.9% this year, slower than December’s 5.1% forecast, and 5% in 2020. Growth remains strong across most of developing Asia but is set to moderate this year and next year against the backdrop of slowing global demand and persistent trade tensions,…
Thai Economy Projected To Expand 3.8% (BoT) Addressing the Japanese Chamber of Commerce (JCC) Thailand Dinner Talk on the 27 March 2019, Dr. Veerathai Santiprabhob Governor of the Bank of Thailand said the Thai economy is projected to continue to expand around its potential, and economic growth this year will slightly moderate to 3.8 percent.…
Will Asian Economies Dominate The World In 2050? Out of the 10 largest world economies of the world, four will be from Asia with China and India leading the world by 2050, according to the PwC report. Key findings The report sets out our latest long-term global growth projections to 2050 for 32 of the largest…
Indian businesses can use Thailand’s Eastern Economic Corridor as gateway to Asian market New Delhi, Mar 27 (KNN) Indian businesses can use Thailand’s Eastern Economic Corridor (EEC) as gateway to Asian market, said the official from the Thailand Board of Investment. Executive Director of International Affair Bureau, Board of Investment, Thailand, Bussarakum Sriratana made the above…
HK steps up trade initiatives to boost ties with Thailand The Hong Kong Trade Development Council (HKTDC) is continuing its initiatives to strengthen the economic relations between Thailand and Hong Kong with the founding of InnoSpace Thailand, Thai Access to International Markets Competition, and SME Idol – incubating projects for SMEs that profit from The…
Thailand braces itself for a ‘no deal’ Brexit Embattled British PM Theresa May is working against the clock to get her Brexit deal through Parliament after the recent defeats.. The British lawmakers last week voted to reject the option of leaving the European Union’s without a deal, raising questions over the conditions for the UK’s…
New Incentives For Electric Vehicle And Railway Investment In EEC The Thai government has continued to promote investment in the Eastern Economic Corridor (EEC), especially its electric vehicle and railway sectors. Prime Minister Gen Prayut Chan-o-cha chaired a meeting of the Board of Investment (BOI). The meeting resolved to support investment in the EECi, or…