The region’s economy will grow 4.2% this year and 4.6% next year, ADB said in a regular supplement to the Asian Development Outlook (ADO) 2022 Read the rest of ADB Lowers Growth Forecast for Developing Asia Amid worsening global conditions on Thailand Business News
Thailand’s public debt at the end of September was 10.37 trillion baht, or 60.41% of GDP, while the legal ceiling is set at 70%. Read the rest of Thailand to sell 60 billion baht ($1.67 bln) of government bonds on Thailand Business News
APEC’s 21 members aim to create greater prosperity for the people of the region by promoting balanced, inclusive, sustainable, innovative and secure growth and by accelerating regional economic integration. Read the rest of APEC Summit to start in Bangkok from November 14 on Thailand Business News
The state welfare campaign for this year has seen 21.45 million applicants. The FPO says these rather high applications are a result of pandemic-driven economic impacts. Read the rest of Finance Ministry economic projections target 3.0 to 3.5% GDP growth on Thailand Business News
Asia Sails into Headwinds from Rate Hikes, War, and China Slowdown with growth forecasts lowered for this year and 2023, while inflation exceeds central bank targets in most countries Read the rest of Thai growth forecasted at 2.8%, Asia Sails into persistent Headwinds (IMF) on Thailand Business News
There are around 6,000 Japanese companies that invest in Thailand, while the total value of Thai goods exported to Japan last year was recorded at 25 billion U.S. dollars, with at least 10% growth expected this year. Read the rest of Thailand-Japan exports gain benefits from RCEP on Thailand Business News
A breakdown of GDP showed that growth was uneven. Encouragingly, the recovery in household spending gained further traction, rising 6.9% y/y (1.7% q/q) following a more substantive easing in domestic and border restrictions. Read the rest of Thailand’s Growth disappoints despite boost from reopening on Thailand Business News
India, Australia and China were the top three countries when measured in terms of M&A deal value in Q2, with India accounting for half of the top 20 deals. South Korea, Indonesia, Malaysia, and Japan were the next top countries that contributed to a surge in M&A deal value. Read the rest of APAC region […]