Thailand approves large-scale projects to spur economy World

Thailand approves large-scale projects to spur economy

Thailand’s Board of Investment (BoI) recently approved five large-scale projects with a total investment value of 41.83 billion THB (1.34 billion USD) in an effort to reactivate economic drivers after the country began easing lockdown measures.
IMF forecasts slight economic growth for Indonesia in 2020 World

IMF forecasts slight economic growth for Indonesia in 2020

The International Monetary Fund (IMF) projected that Indonesia’s economic growth will remain in positive territory this year, albeit ever so slightly, as the coronavirus pandemic puts the global economy at risk of its worst recession since the Great Depression of 1930.
IMF cuts growth forecast for Philippines World

IMF cuts growth forecast for Philippines

The International Monetary Fund (IMF) has further slashed its economic growth forecast for the Philippines for 2019 and 2020 to 5.7 percent and 6.2 percent, respectively, as the economy slowed down in the second quarter and external environment worsens.
Indonesia’s currency may continue weakening World

Indonesia’s currency may continue weakening

The exchange rate of the rupiah, Indonesia’s currency, of banks in Jakarta is forecast to continue falling after a series of demonstrations protesting the results of vote counting of the General Elections Commission.
Singapore’s economy slows down in Q1 2019 World

Singapore’s economy slows down in Q1 2019

Gross domestic product growth of Singapore slowed down in the first quarter of 2019 to stand at 1.3 percent, compared to the 1.9 percent growth in Q4 of 2018 and 3.2 percent the previous year.
Thai economy shows good performance: SCB World

Thai economy shows good performance: SCB

The Siam Commercial Bank’s (SCB) latest review of the Thai economy reveals a healthy expansion rate despite a decrease in growth due to the global economy, trade war between the United States and China, and uncertainty among private companies on the formation of new government.
Bangkok Bank wants higher lending limit in Vietnam World

Bangkok Bank wants higher lending limit in Vietnam

The Vietnamese branch of Bangkok Bank has sought permission from the State Bank of Vietnam to increase lending growth cap after its lending expansion during the first half of 2018 neared the 15-percent annual limit.
Singapore's GDP grows 0.6 percent in Q3 World

Singapore's GDP grows 0.6 percent in Q3

The Singaporean economy grew by 0.6 percent in the third quarter of this year, the country’s Ministry of Trade and Industry (MTI) announced on October 14.
Thai Commerce Ministry set to revise exports expectation World

Thai Commerce Ministry set to revise exports expectation

The Ministry of Commerce is set to adjust the 2015 exports projection due to the global economy's uncertain recovery, and has ordered the Department of Foreign Trade (DFT) to communicate with private companies on the release of in-stock rice.
World

Thai exports likely to grow slightly this year

Thai exports in October rose by nearly 4 percent year on year to more than 20.16 billion USD, making it the highest increase level in 21 months due to the growth of overseas demand for vehicles and auto parts.