The Bank of Thailand (BOT) is considering revising down its growth forecasts for the country due to weak export performance. The initial projection of 3.6% growth for this year may be adjusted to the mid-3% range. The slowdown in economic momentum is mainly attributed to underperforming exports, which have been affected by global challenges. However, […]
The Bank of Thailand has raised its key interest rate to a nine-year high of 2.25% due to concerns about rising prices. Despite inflation easing and falling below the central bank’s target, policymakers aim to ensure it remains low. The central bank expects the economy to continue growing, driven by tourism and private consumption, but […]
Indonesia has launched the world’s first state-backed cryptocurrency exchange, supervised by the Commodities Futures Trading Supervisory Agency. The bourse will list licensed crypto companies and aims to strengthen the regulatory environment for the country’s booming cryptocurrency sector. While the use of cryptocurrencies as a payment medium is currently prohibited, investments in cryptocurrency are allowed. Indonesia […]
Xu Ke, 21, comes from a long line of university lecturers. Yet his peers and people a few years older than him are all struggling with a major crisis in their lives: growing competition for a dwindling number of jobs as youth unemployment tops 20%, driven by a huge downturn in manufacturing and foreign investment. […]
The Thai Finance Ministry has revised its economic growth outlook for 2023 to 3.5% from 3.6% due to weaker global demand for exports. The ministry also predicts a 0.8% contraction in exports this year. However, the economy has been supported by increased domestic consumption and a recovery in the tourism sector. The ministry maintains a […]
Thailand is pursuing an ambitious free trade agreement (FTA) strategy to expand its trade and investment opportunities with various partners around the world. The country has already signed 13 FTAs with 18 economies, including China, Japan, India, Australia, and the European Free Trade Association (EFTA). Thailand is currently negotiating several more FTAs with potential partners […]
Author: Alexander Korolev, UNSW After a year of diplomatic inactivity towards the war in Ukraine, the Chinese government has made demonstrable attempts to look like a peacemaker. But while these moves indicate a change in its behaviour, there is little reason to anticipate that China’s efforts will end the war. China’s 12-point ‘peace plan’ and […]
Chinese EV manufacturers have shown interest in investing over $1.44 billion in the production of electric vehicles (EVs) in Thailand. This comes as Thailand aims to have EVs make up 30% of all vehicles produced in the country by 2030. Chinese companies, GSC Aion New Energy Automobile and Svolt Energy Technology, have already committed large […]
